NV5 Awarded $10 Million in Contracts to Support County of San Diego Infrastructure Improvements

HOLLYWOOD, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded contracts totaling $10 million to support infrastructure construction projects in the County of San Diego.

NV5 was awarded $5 million to provide construction inspection, construction quality assurance, and contract administration for various vital infrastructure projects throughout the county. These projects include road construction, wastewater facility improvements, traffic signal installations, sidewalk and road enhancements, culvert replacements, and Green Streets Projects. The initial contract duration is one year, with the provision for four additional one-year extensions.

Additionally, the County of San Diego Department of Public Works Construction Engineering Section selected NV5 for a $5 million professional construction management services contract. The contract duration is one year with the opportunity for four one-year extensions. Infrastructure improvements covered under the scope of this contract include roads, bridges, airports, drainage, and wastewater facilities.

"We have supported infrastructure improvements and enhancements in San Diego County for over 30 years. These contract wins underscore our dedication to supporting sustainable growth and development in the communities that we serve, and we look forward to continuing our relationship with the county,” said Dickerson Wright, PE, Chairman and CEO of NV5.

About NV5

NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, 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 engineering, construction quality assurance, 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. 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.