NV5 Awarded $5 Million Florida Department of Transportation Geotechnical Engineering and Materials Testing Contract
NV5 Global (Nasdaq: NVEE) has secured a five-year, $5 million contract from the Florida Department of Transportation (FDOT) for geotechnical engineering and construction materials testing services. The contract focuses on Florida's Turnpike Enterprise, which manages toll roads serving over 3 million daily travelers across a 260-mile transportation network.
NV5's laboratories in Miami, Orlando, and Gainesville will provide comprehensive services including soil exploration, geotechnical engineering, construction materials testing, pavement evaluation, and foundation studies. These services aim to ensure the safety and reliability of Florida's Turnpike system.
The company has maintained a 20-year relationship with FDOT, and this new contract represents an expansion of their partnership. NV5's strategic positioning of laboratories throughout Florida provides them with a competitive advantage for statewide projects.
NV5 Global (Nasdaq: NVEE) ha ottenuto un contratto di cinque anni del valore di 5 milioni di dollari dal Dipartimento dei Trasporti della Florida (FDOT) per servizi di ingegneria geotecnica e test sui materiali da costruzione. Il contratto si concentra sull'Enterprise della Florida Turnpike, che gestisce strade a pagamento che servono oltre 3 milioni di viaggiatori al giorno su una rete di trasporti di 260 miglia.
I laboratori di NV5 a Miami, Orlando e Gainesville forniranno servizi completi tra cui esplorazione del suolo, ingegneria geotecnica, test sui materiali da costruzione, valutazione del pavimento e studi delle fondazioni. Questi servizi mirano a garantire la sicurezza e l'affidabilità del sistema della Florida Turnpike.
L'azienda ha mantenuto una relazione di 20 anni con il FDOT, e questo nuovo contratto rappresenta un'espansione della loro collaborazione. La posizione strategica dei laboratori di NV5 in tutta la Florida offre loro un vantaggio competitivo per i progetti a livello statale.
NV5 Global (Nasdaq: NVEE) ha conseguido un contrato de cinco años por un valor de 5 millones de dólares del Departamento de Transporte de Florida (FDOT) para servicios de ingeniería geotécnica y pruebas de materiales de construcción. El contrato se centra en la Enterprise de Florida Turnpike, que gestiona carreteras de peaje que sirven a más de 3 millones de viajeros diarios en una red de transporte de 260 millas.
Los laboratorios de NV5 en Miami, Orlando y Gainesville proporcionarán servicios integrales que incluyen exploración del suelo, ingeniería geotécnica, pruebas de materiales de construcción, evaluación de pavimentos y estudios de fundaciones. Estos servicios tienen como objetivo garantizar la seguridad y la fiabilidad del sistema de Florida Turnpike.
La empresa ha mantenido una relación de 20 años con el FDOT, y este nuevo contrato representa una expansión de su asociación. La ubicación estratégica de los laboratorios de NV5 en toda Florida les brinda una ventaja competitiva para proyectos a nivel estatal.
NV5 Global (Nasdaq: NVEE)는 플로리다 교통부(FDOT)로부터 500만 달러 규모의 5년 계약을 체결했습니다. 이 계약은 300만 명의 일일 여행자를 수송하는 260마일의 교통망을 관리하는 플로리다 턴파이크 기업에 초점을 맞추고 있습니다.
NV5의 마이애미, 올랜도, 게인즈빌에 있는 실험실은 토양 탐사, 지반 공학, 건설 자재 테스트, 포장 평가 및 기초 연구를 포함한 포괄적인 서비스를 제공합니다. 이러한 서비스는 플로리다 턴파이크 시스템의 안전성과 신뢰성을 보장하는 것을 목표로 합니다.
회사는 FDOT와의 20년 관계를 유지해 왔으며, 이번 새로운 계약은 파트너십의 확장을 나타냅니다. 플로리다 전역에 걸쳐 위치한 NV5의 실험실은 주 전체 프로젝트에 대한 경쟁 우위를 제공합니다.
NV5 Global (Nasdaq: NVEE) a obtenu un contrat de cinq ans d'une valeur de 5 millions de dollars du Département des Transports de Floride (FDOT) pour des services d'ingénierie géotechnique et de test de matériaux de construction. Le contrat se concentre sur l'Enterprise de Florida Turnpike, qui gère des routes à péage desservant plus de 3 millions de voyageurs par jour sur un réseau de transport de 260 miles.
Les laboratoires de NV5 à Miami, Orlando et Gainesville fourniront des services complets, notamment l'exploration du sol, l'ingénierie géotechnique, les tests de matériaux de construction, l'évaluation des chaussées et les études de fondation. Ces services visent à garantir la sécurité et la fiabilité du système de Florida Turnpike.
L'entreprise entretient une relation de 20 ans avec le FDOT, et ce nouveau contrat représente une expansion de leur partenariat. La position stratégique des laboratoires de NV5 dans toute la Floride leur confère un avantage concurrentiel pour les projets à l'échelle de l'État.
NV5 Global (Nasdaq: NVEE) hat einen fünfjährigen Vertrag über 5 Millionen Dollar vom Florida Department of Transportation (FDOT) für geotechnische Ingenieurdienstleistungen und Materialprüfungen im Bauwesen gesichert. Der Vertrag konzentriert sich auf das Florida Turnpike Enterprise, das Gebührenstraßen verwaltet, die über 3 Millionen tägliche Reisende in einem 260 Meilen langen Verkehrsnetz bedienen.
Die Labore von NV5 in Miami, Orlando und Gainesville bieten umfassende Dienstleistungen an, darunter Bodenuntersuchungen, geotechnische Ingenieurleistungen, Materialprüfungen, Fahrbahnbewertungen und Fundamentstudien. Diese Dienstleistungen zielen darauf ab, die Sicherheit und Zuverlässigkeit des Florida Turnpike-Systems zu gewährleisten.
Das Unternehmen pflegt eine 20-jährige Beziehung zum FDOT, und dieser neue Vertrag stellt eine Erweiterung ihrer Partnerschaft dar. Die strategische Positionierung der Labore von NV5 in ganz Florida verschafft ihnen einen Wettbewerbsvorteil bei landesweiten Projekten.
- Secured new $5M contract over 5 years
- Strategic presence with multiple laboratories across Florida
- 20+ year relationship with FDOT indicates strong client retention
- Contract provides recurring revenue stream
- Contract value relatively small compared to company size
HOLLYWOOD, Fla., March 05, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), NV5, a provider of compliance, technology, and engineering solutions, announced today that it has been awarded a five-year,
NV5’s Miami, Orlando, and Gainesville materials testing laboratories and consulting offices will provide essential services including soil exploration, geotechnical engineering, construction materials sampling and testing, pavement evaluation, and foundation studies to ensure the safety, reliability, and performance of Florida’s Turnpike system.
“NV5’s comprehensive expertise and strategically placed laboratories throughout the state provide a competitive advantage when pursuing statewide projects such as this one, and we are pleased to deliver high-value, recurring services to Florida’s Turnpike Enterprise,” said Ben Heraud, CEO of NV5. “This collaboration demonstrates NV5’s ability to integrate capabilities across multiple offices, optimize resources, and provide impactful solutions to support large-scale infrastructure projects.”
“We have served the Florida Department of Transportation for over 20 years, and we look forward to expanding our relationship as NV5’s platform in the state continues to grow,” said Alex Hockman, PE, NV5 CEO of Infrastructure.
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, certification, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems. The Company primarily focuses on six business verticals: Utility services, infrastructure support, conformity assessment, buildings & technology, environmental health sciences, and geospatial services. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.
Investor Relations Contact
NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com
Source: NV5 Global, Inc.
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