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UPDATE – NV5 Awarded $14 Million Program Management Contract by Merced County
HOLLYWOOD, Fla., Sept. 26, 2017 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (Nasdaq:NVEE) ("NV5" or the "Company"), a provider of professional and technical engineering and consulting solutions, announced today that it was selected to perform full construction administration and construction management services for Merced County's $90 million Campus Parkway Project. NV5 will be responsible for managing the contractor and coordinating all stakeholders, including the County, Caltrans, the Merced Irrigation District, several utility companies, property owners, farmers, residents, and the traveling public. NV5's fee for these services will be approximately $14 million over four years.
The Campus Parkway is part of Merced County's Regional Plan to improve circulation between State Route 99 and the UC Merced Campus. The Parkway will also improve regional circulation on the east side of Merced County.
"The project will be split into two segments," explained NV5 Project Manager Bryan Kroeger, PE. "The first segment consists of a four-lane divided highway and bridge construction over State Route 140 and the Burlington Northern Santa Fe Railroad. The second segment also consists of several new miles of four-lane divided highway, as well as the construction of seven new structures, including two steel truss bridges. Both segments will require significant stakeholder coordination and Caltrans Oversight."
Dickerson Wright, PE, Chairman and CEO of NV5, said, "Merced County has been a longtime client. As our program management team in California has continued to complete award-winning roadway work over the years, we have been given more responsibility by the County, which we also believe can benefit greatly from our full suite of service offerings, both within our growing program management vertical and across other verticals."
About Merced County
Located in the San Joaquin Valley, Merced County enjoys close proximity to Yosemite National Park and the San Francisco Bay Area. While the leading industry in Merced County is the agricultural industry, which employs 33 percent of the County's workforce, the County has attracted a broad range of businesses in recent years due to efforts to promote a business-friendly environment and ample opportunities for development. In 2015 there were approximately 269,000 people living in Merced County, a number that continues to grow. To learn more about Merced, visit the County's website.