HOLLYWOOD, FL -- (Marketwired) -- 01/14/16 --
NV5 Global, Inc. (the "Company" or "NV5") (NASDAQ: NVEE), a provider of professional and technical engineering and consulting solutions, announced today that it recently completed Owners Project Management (OPM) services for the 74,340 GSF, 600 student, K-5 Angier Elementary School in Newton, MA with a construction cost of $27.5 million. The project included demolition of the existing school, unsuitable soils remediation, and construction of a 40 foot high retaining wall against an existing active trolley line prior to the start of new construction, all within a densely populated urban area. NV5 has been selected for two more schools in Newton, MA.The Zervas Elementary School recently began construction in January 2016 and will be completed in fall 2017 and the Cabot Elementary School is in the schematic design stage of the project.
Dickerson Wright, PE, Chairman and CEO of NV5, said, "We are proud of the work we do in the program management vertical at NV5, a service line that includes two practices: building program management -- the category to which our K-12, higher education, healthcare, retail, and hospitality projects like Angier Elementary belong and we serve as the owner's agent throughout all stages of the project -- and civil program management -- the service line in which we develop and manage the overall capital plan of large highway, utility and ports projects. We like to be able to provide our clients a very wide range of professional services under the umbrella of program management and we are able to do that through cross-selling and synergies identified among our five different verticals. Angier Elementary School is a great example of the multidisciplinary range of services we can provide in support of our clients."
"In order to maintain our aggressive schedule for the Angier Elementary project, our team of project managers and a site representative provided a near-constant on-site presence to monitor and push the project to completion on schedule," said Project Director Jeffrey Luxenberg, CCM, AICP. "Our contract started with a Feasibility Study and was amended to include design, construction, and close out."
About the City of Newton Massachusetts
Settled in 1630, Newton, Massachusetts is a vibrant community comprised of 13 distinctive villages. Located just outside of Boston, Newton is well respected for the quality of education, community life, exceptional homes, and beautiful open spaces. Newton has frequently been voted as one of the 10 best communities to live in. With a population of about 80,000 residents and approximately 26,000 homes, the City also houses Boston College, Mount Ida College and Lasell College. The Boston Marathon runs right through the City with Heartbreak Hill beginning next to City Hall. The Newton Free Library is well respected as one of the largest, most well equipped libraries in the Commonwealth. By size, the City is 18.3 square miles bordering the communities of Brookline, Brighton, Watertown, Waltham, Weston, Wellesley, Needham and West Roxbury. Newton also has east-west and north-south highway infrastructure with Routes 90 and 95 running through the city. To learn more about the City, please visit: http://www.newtonma.gov/.
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure, engineering and support services, energy, program management, and environmental solutions. The Company operates 42 offices in Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Maryland, New Jersey, New Mexico, New York, Ohio, Pennsylvania, Utah, Washington and Wyoming, and is headquartered in Hollywood, Florida. For additional information, please visit the Company's website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
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.
NV5 Global, Inc.
Lauren Wright, Ph.D.
Director of Investor Relations
Source: NV5 Global, Inc.