NV5 Awarded $7 Million in Contracts to Support Building Safety and Engineering Plan Review in California

HOLLYWOOD, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) -- 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 contracts totaling $7 million to support two California counties through engineering plan review services.

NV5 was awarded a $5 million contract by the County of San Diego to support the Building Services Division through plan check services for residential, commercial, and utilities projects. During the one-year contract term, NV5 will evaluate evolving regulatory requirements for permit and development processing and facilitate building permit services for facility renovations and new construction projects.

NV5 was also selected for a three-year, $2 million engineering plan review contract by the Mountain House Community Services District (MHCSD). MHCSD is a special district in San Joaquin County, California that provides road construction and maintenance, flood control, water and sewer services, and park development for the community of Mountain House, CA. NV5 has assisted Mountain House with plan review services since 2006 and has reviewed hundreds of unique engineering plans and documents.

“NV5 has delivered engineering and consulting services to support infrastructure and development in California for over 70 years,” said Dickerson Wright, PE, Chairman and CEO of NV5. “We are pleased to have been selected for these awards and look forward to continuing to support the growth of these thriving communities."

About NV5

NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, 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. 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.