NV5 Awarded $15 Million California Transportation Infrastructure Contract
NV5 (NVEE) has secured a $15 million contract for construction management services in the first phase of the North County Corridor project in Stanislaus County, California. The project aims to enhance regional mobility and reduce congestion through a partnership between local governments and Caltrans.
Phase one includes constructing a modern multi-lane expressway featuring a single-point urban interchange, pedestrian enhancements, and infrastructure improvements. The scope encompasses upgrades to local roads, construction of seven bridges, and mechanically stabilized embankment walls. Construction will commence in May 2025 with an expected three-year completion timeline.
NV5 (NVEE) ha ottenuto un contratto di 15 milioni di dollari per servizi di gestione della costruzione nella prima fase del progetto North County Corridor nella contea di Stanislaus, California. Il progetto mira a migliorare la mobilità regionale e ridurre la congestione attraverso una partnership tra i governi locali e Caltrans.
La fase uno prevede la costruzione di un moderno sistema stradale a più corsie con un interscambio urbano a punto singolo, miglioramenti per i pedoni e miglioramenti infrastrutturali. L'ambito include aggiornamenti delle strade locali, la costruzione di sette ponti e muri di sostegno meccanicamente stabilizzati. I lavori di costruzione inizieranno a maggio 2025 con un tempo di completamento previsto di tre anni.
NV5 (NVEE) ha asegurado un contrato de 15 millones de dólares para servicios de gestión de construcción en la primera fase del proyecto North County Corridor en el condado de Stanislaus, California. El proyecto tiene como objetivo mejorar la movilidad regional y reducir la congestión a través de una asociación entre los gobiernos locales y Caltrans.
La fase uno incluye la construcción de una moderna autopista de múltiples carriles con un intercambio urbano de punto único, mejoras para peatones y mejoras en la infraestructura. El alcance abarca actualizaciones de las carreteras locales, la construcción de siete puentes y muros de contención estabilizados mecánicamente. La construcción comenzará en mayo de 2025 con un tiempo de finalización esperado de tres años.
NV5 (NVEE)는 캘리포니아 스탠리슬라우스 카운티의 North County Corridor 프로젝트 첫 번째 단계에 대한 1500만 달러 계약을 체결했습니다. 이 프로젝트는 지역 이동성을 향상하고 혼잡을 줄이는 것을 목표로 하며, 지역 정부와 Caltrans 간의 파트너십을 통해 진행됩니다.
1단계에는 단일 지점 도시 교차로, 보행자 개선 및 인프라 개선을 포함한 현대적인 다차선 고속도로 건설이 포함됩니다. 범위에는 지역 도로 업그레이드, 7개의 교량 건설 및 기계적으로 안정화된 제방 벽이 포함됩니다. 건설은 2025년 5월에 시작될 예정이며 예상 완료 기간은 3년입니다.
NV5 (NVEE) a obtenu un contrat de 15 millions de dollars pour des services de gestion de la construction dans la première phase du projet North County Corridor dans le comté de Stanislaus, Californie. Ce projet vise à améliorer la mobilité régionale et à réduire la congestion grâce à un partenariat entre les gouvernements locaux et Caltrans.
La première phase comprend la construction d'une autoroute moderne à plusieurs voies avec un échange urbain à point unique, des améliorations pour les piétons et des améliorations d'infrastructure. Le champ d'application comprend la mise à niveau des routes locales, la construction de sept ponts et des murs de soutènement mécaniquement stabilisés. La construction commencera en mai 2025 avec un délai d'achèvement prévu de trois ans.
NV5 (NVEE) hat einen Vertrag über 15 Millionen Dollar für Dienstleistungen im Bereich Bauleitung in der ersten Phase des North County Corridor-Projekts im Stanislaus County, Kalifornien, gesichert. Das Projekt zielt darauf ab, die regionale Mobilität zu verbessern und Staus durch eine Partnerschaft zwischen den lokalen Behörden und Caltrans zu reduzieren.
Phase eins umfasst den Bau einer modernen mehrspurigen Schnellstraße mit einem urbanen Einpunkt-Kreuzungsdesign, Verbesserungen für Fußgänger und Infrastrukturverbesserungen. Der Umfang umfasst die Aufwertung lokaler Straßen, den Bau von sieben Brücken und mechanisch stabilisierte Erdwälle. Der Bau beginnt im Mai 2025 mit einer voraussichtlichen Fertigstellungszeit von drei Jahren.
- Secured $15 million contract for construction management services
- Project timeline clearly defined with 3-year completion schedule
- Strategic positioning in essential infrastructure improvements resistant to economic conditions
- None.
Insights
NV5's recent $15 million contract win for the North County Corridor project represents a modest but strategic addition to the company's portfolio. With NV5's $1.1 billion market capitalization, this contract constitutes approximately
The three-year construction management agreement positions NV5 within a multi-phase infrastructure initiative in Stanislaus County, an agricultural powerhouse producing four million tons of goods annually. Phase one encompasses substantial infrastructure development including a multi-lane expressway, seven bridges, and specialized urban interchange construction.
What's particularly noteworthy is CEO Ben Heraud's emphasis on the company's strategic focus on "mandated services and infrastructure enhancements" that are "not dependent on current economic conditions." This highlights NV5's deliberate positioning toward recession-resistant public infrastructure contracts – a prudent approach given economic uncertainty.
The project's partnership structure involving multiple governmental entities (Stanislaus Council of Governments, three cities, and Caltrans) demonstrates NV5's ability to secure contracts within complex stakeholder environments, which typically have more stable funding mechanisms than purely private projects. Their "decades long relationship" with transportation departments suggests this contract reinforces their established position rather than representing a new market breakthrough.
HOLLYWOOD, Fla., April 09, 2025 (GLOBE NEWSWIRE) -- NV5, a provider of tech-enabled engineering, certification, and consulting solutions, announced today that it has been awarded a
The North Country Corridor project consists of four phases designed to improve regional mobility, reduce congestion, and serve as a key driver of economic growth for the county, which produces four million tons of agricultural goods per year. This critical infrastructure initiative is the result of a partnership between Stanislaus Council of Governments, the cities of Modesto, Riverbank, and Oakdale, and the California Department of Transportation (Caltrans).
Phase one of the project includes the construction of a modern, multi-lane expressway that will feature a state-of-the-art single-point urban interchange, pedestrian-friendly enhancements, and a series of critical infrastructure improvements. This phase also includes upgrades to local roads and the construction of seven bridges and several mechanically stabilized embankment walls. Construction of phase one is set to begin in May 2025 and is expected to be completed in three years.
“NV5’s focus as a consultant on mandated services and infrastructure enhancements has positioned us well to compete on large-scale, essential infrastructure improvements that are not dependent on current economic conditions,” said Ben Heraud, CEO of NV5. “This award is a testament to NV5’s decades long relationship with municipalities and transportation departments responsible for the safety, reliability, and efficiency of public infrastructure, and we are pleased to contribute to the delivery of the North County Corridor project.”
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 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 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.
FAQ
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