MARLTON, N.J. and NEW YORK, Sept. 17, 2014 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a task order from the New York City Department of Design and Construction in partnership with the New York City Housing Recovery Office to provide construction management services in support of the City's Build it Back (BiB) housing recovery efforts in response to Hurricane Sandy.
In October 2012, Hurricane Sandy caused unprecedented damage throughout New York City, impacting approximately 35,000 single family dwellings. In January 2013, President Obama signed into law the Disaster Relief Appropriations Act of 2013 which, among other things, appropriated $16 billion in community development block grant funds for disaster recovery (CDBG-DR). The CDBG-DR funds are to be used for necessary expenses related to disaster relief, long-term recovery, restoration of infrastructure and housing, and economic revitalization in the areas most impacted and distressed after Hurricane Sandy.
In response to its portion of the appropriation, the City launched the BiB program to assist owners of properties affected by Hurricane Sandy. BiB administers community development block grants from the U.S. Department of Housing and Urban Development (HUD) to provide financial assistance to impacted homeowners for residential repairs. Homeowners may be eligible for one or more of the program's pathways depending on their level of damage sustained from Hurricane Sandy. Those pathways include Repair, Rebuild, Reimbursement, and Acquisition for Redevelopment.
Services to be provided by Hill under this contract include construction management, inspection management, program advisory, environmental health and safety support, program controls, document management, customer service support, contract management, development of standard protocols, quality assurance and quality control auditing, and other as-needed services.
"This recovery effort is critical to the city's economy and to the future of all residents that were adversely affected by Hurricane Sandy," said D. Clarke Pile, P.E., Senior Vice President and Northeast Regional Manager for Hill's Project Management Group. "It is a privilege to be part of such an important effort and we look forward to working with the City to make this a successful program," added Pile.
Hill International, with 4,400 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the ninth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733
Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
(HIL-G)