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NV5 Awarded $19.5 Million Contract by the California Department of Transportation, Expands Presence in Southern California

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NV5 Global, Inc. (NVEE) has been awarded a $19.5 million construction inspection contract by the California Department of Transportation (Caltrans) District 7 in Northern Los Angeles County. The contract includes services like construction inspection, office engineering, and construction scheduling to support transportation infrastructure projects. NV5's expertise and technology solutions will aid in maintaining and enhancing the transportation infrastructure in the Greater Los Angeles area.
NV5 Global, Inc. (NVEE) ha ricevuto un contratto di ispezione delle costruzioni del valore di 19,5 milioni di dollari dal Dipartimento dei Trasporti della California (Caltrans) del Distretto 7 nella Contea di Los Angeles settentrionale. Il contratto prevede servizi come l'ispezione delle costruzioni, l'ingegneria d'ufficio e la programmazione delle costruzioni per supportare i progetti di infrastruttura dei trasporti. L'esperienza di NV5 e le soluzioni tecnologiche contribuiranno a mantenere e migliorare l'infrastruttura dei trasporti nella zona metropolitana di Los Angeles.
NV5 Global, Inc. (NVEE) ha sido galardonada con un contrato de inspección de construcción de 19,5 millones de dólares por el Departamento de Transporte de California (Caltrans) del Distrito 7 en el Condado de Los Ángeles Norte. El contrato incluye servicios como inspección de construcción, ingeniería de oficina y programación de construcciones para apoyar proyectos de infraestructura de transporte. La experiencia y las soluciones tecnológicas de NV5 ayudarán a mantener y mejorar la infraestructura de transporte en el área metropolitana de Los Ángeles.
NV5 글로벌, Inc. (NVEE)는 북부 로스앤젤레스 카운티에 있는 캘리포니아 교통부(Caltrans) 지구 7로부터 1,950만 달러 규모의 건설 검사 계약을 수상했습니다. 계약에는 건설 검사, 사무소 엔지니어링 및 건설 스케줄링과 같은 서비스가 포함되어 있어 교통 인프라 프로젝트를 지원합니다. NV5의 전문 지식과 기술 솔루션은 로스앤젤레스 대도시 지역의 교통 인프라 유지 및 개선에 도움이 될 것입니다.
NV5 Global, Inc. (NVEE) a été attributaire d'un contrat d'inspection de construction de 19,5 millions de dollars par le Département des Transports de Californie (Caltrans) du District 7 dans le comté de Los Angeles Nord. Le contrat comprend des services tels que l'inspection de construction, l'ingénierie de bureau et la planification de la construction pour soutenir les projets d'infrastructure de transport. L'expertise et les solutions technologiques de NV5 contribueront à maintenir et améliorer l'infrastructure de transport dans la grande région de Los Angeles.
NV5 Global, Inc. (NVEE) wurde mit einem Bauüberwachungsvertrag im Wert von 19,5 Millionen Dollar vom California Department of Transportation (Caltrans) Distrikt 7 im nördlichen Los Angeles County beauftragt. Der Vertrag umfasst Dienstleistungen wie Bauüberwachung, Büroingenieurwesen und Bauplanung zur Unterstützung von Verkehrsinfrastrukturprojekten. Die Expertise und Technologielösungen von NV5 werden dazu beitragen, die Verkehrsinfrastruktur im Großraum Los Angeles zu erhalten und zu verbessern.
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HOLLYWOOD, Fla., April 18, 2024 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), 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 a three-year, $19.5 million construction inspection contract by the California Department of Transportation (Caltrans) District 7 in Northern Los Angeles County. Services to be delivered under the contract include construction inspection, office engineering, construction scheduling, constructability support services, oversight, documentation, and reporting to support the quality, safety, and compliance of transportation infrastructure projects.

“NV5’s DOT Infrastructure Growth Initiative is committed to delivering the greatest client value and driving organic growth by putting our many transportation experts in direct communication with our Department of Transportation clients,” said Dickerson Wright, PE, Executive Chairman of NV5. ”This contract expands our relationship with District 7 in our long history serving Caltrans, and we look forward to contributing to the continued improvement and resilience of transportation infrastructure in Los Angeles County."

Caltrans District 7 plays a vital role in maintaining and enhancing the transportation infrastructure in the Greater Los Angeles area, encompassing some of the busiest roadways and critical transportation networks in the state. NV5's multidisciplinary team of experts and cutting-edge technology solutions position the company well to support Caltrans’ mission to provide safe, efficient, and sustainable transportation for Northern Los Angeles County.

"We are honored to have been selected by Caltrans District 7 for this important contract," said Todd George, COO of Infrastructure West at NV5. "Our team is dedicated to ensuring that the construction projects under this contract adhere to the highest standards of quality, safety, and regulatory compliance.”

About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure engineering, utility services, buildings & owner representation, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. 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 LinkedInTwitterFacebook, and Instagram.

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


FAQ

What contract did NV5 Global, Inc. (NVEE) secure?

NV5 Global, Inc. (NVEE) secured a $19.5 million construction inspection contract by the California Department of Transportation (Caltrans) District 7 in Northern Los Angeles County.

What services are included in the contract?

The contract includes services such as construction inspection, office engineering, construction scheduling, constructability support services, oversight, documentation, and reporting to ensure quality, safety, and compliance of transportation infrastructure projects.

Who is the Executive Chairman of NV5 Global, Inc. (NVEE)?

Dickerson Wright, PE, is the Executive Chairman of NV5 Global, Inc. (NVEE).

What is the mission of Caltrans District 7?

Caltrans District 7 aims to provide safe, efficient, and sustainable transportation for Northern Los Angeles County.

Who is the COO of Infrastructure West at NV5 Global, Inc. (NVEE)?

Todd George is the COO of Infrastructure West at NV5 Global, Inc. (NVEE).

NV5 Global, Inc.

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About NVEE

nv5 is a leading provider of professional and technical engineering and consulting solutions for public and private sector clients in the infrastructure, construction, real estate, and environmental markets. the company primarily focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental. nv5 operates 42 offices in arizona, california, colorado, connecticut, florida, massachusetts, maryland, new mexico, new york, ohio, pennsylvania, utah, washington, wyoming, and new jersey and is headquartered in hollywood, florida. nv5 facts-at-a-glance leading provider of professional and technical engineering and consulting solutions with a 60 year history serve infrastructure, construction, real estate and environmental markets 42 offices in arizona, california, colorado, connecticut, florida, massachusetts, maryland, new mexico, new york, ohio, pennsylvania, utah, washington, wyoming, and new jersey headquartered in hol