PHILADELPHIA, April 29, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that its joint venture with The Louis Berger Group has received an indefinite delivery/indefinite quantity (ID/IQ) contract from the State of New Jersey Division of Property Management and Construction (DPMC) to provide construction management services in connection with various flood mitigation and environmental infrastructure projects. The Berger/Hill joint venture is one of five firms selected for the ID/IQ. The first 18-month task order has an estimated value to the joint venture of approximately $1.2 million.
Among other projects, DPMC intends to utilize this contract to retain Berger/Hill and other construction management firms to assist with two Rebuild by Design (RBD) projects. The RBD project concepts originated with a design competition sponsored by the U.S. Department of Housing and Urban Development (HUD) that utilized a collaborative process to find effective ways to protect people, homes, businesses and infrastructure, and to increase resilience in regions affected by Superstorm Sandy as part of recovery from the storm. At the conclusion of the RBD competition, HUD selected two winning projects for the State of New Jersey, with designs that will help densely populated communities with repetitive flooding challenges. New Jersey will receive $150 million in Community Development Block Grant-Disaster Recovery (CDBG-DR) funds to implement the first phase of the flood mitigation project known as the “New Meadowlands, Productive City + Regional Park” and $230 million in CDBG-DR funds to implement the flood mitigation project in the Hudson River Region known as “Resist, Delay, Store, Discharge.” Additional projects may include storm surge and coastline/beachfront protection, flood mitigation/resistance, environmental restoration, tide control structures, landscaping, demolition and reconstruction, dams and levees, and other infrastructure improvement projects.
The first assigned term contract is for the RBD Hudson River Project which will address flooding from both major storm surge and high tide as well as from heavy rainfall events. The project seeks to benefit flooding areas inside the study area, which encompasses the City of Hoboken, extending into Weehawken and Jersey City, with the following approximate boundaries: the Hudson River to the east; Baldwin Avenue (in Weehawken) to the north; the Palisades to the west; and 18th Street, Washington Boulevard and 14th Street (in Jersey City) to the south. Under the first work order competitively selected under the IDIQ contract, Berger/Hill will provide review of feasibility studies and environmental impact studies with an emphasis on meeting goals relating to project deliverables, schedule, budget, scope and quality.
“The RBD projects are critical to the safety and security of the areas that were impacted by Superstorm Sandy and other major storms or flooding events,” said John Milano, P.E., Senior Vice President and Northeast Regional Manager for Hill’s Project Management Group. “We are very proud to be assisting the State of New Jersey as part of this important initiative,” added Milano.
Louis Berger is a $1 billion global professional services corporation that helps infrastructure and development clients solve their most complex challenges. They are a trusted partner to national, state and local government agencies; multilateral institutions; and commercial industry clients worldwide. By focusing on client needs to deliver quality, safe, financially-successful projects with integrity, they are committed to deliver on their promise to provide Solutions for a better world. Louis Berger operates on every habitable continent. They have a long-standing presence in more than 50 nations, represented by the multidisciplinary expertise of 6,000 engineers, economists, scientists, managers and planners. For more information on Louis Berger, please visit their website at www.louisberger.com.
Hill International, with 4,800 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 seventh largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
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, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.
Hill International, Inc.
John P. Paolin
Senior Vice President of Marketing and
Corporate Communications
(215) 309-7710
johnpaolin@hillintl.com
The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com
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