MARLTON, N.J. and SAN JUAN, Puerto Rico, Sept. 2, 2014 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Hill International (NYSE:HIL), please note that in the first paragraph of the release, the estimated value of the contract should be $3.6 million, not $2.5 million as previously stated.
The corrected release follows:
Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the U.S. General Services Administration (GSA) to provide construction management services in connection with a new Federal Bureau of Investigation (FBI) office building in San Juan, Puerto Rico. The three-year contract has an estimated value to Hill of approximately $3.6 million.
The approximately $85 million project, located within the Federal campus in the Hato Rey section of San Juan, will include an office building, technical services annex and parking garage. The total size of the Federal campus is approximately 27 acres, with up to six acres allocated to the new FBI facility. The new office building is part of a consolidation of two existing FBI office buildings into a single facility.
"We look forward to supporting both GSA and the FBI on this important consolidation project," said James E. Koch, Ph.D., P.E., LEED AP, F.SAME, Senior Vice President and Director of Hill's Federal Services Group. "We are confident that our project team will make this a successful project," added Koch.
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.
CONTACT: Hill International, Inc. John P. Paolin Senior Vice President of Marketing and Corporate Communications (856) 810-6210 firstname.lastname@example.org The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608 email@example.com
Source:Hill International, Inc.