MARLTON, N.J. and PHILADELPHIA, Sept. 29, 2014 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the U.S. Federal Transit Administration to provide project management oversight (PMO) services on major transit capital projects nationwide. The five-year contract has an anticipated value to Hill of approximately $16.0 million.
Each year, the FTA provides nearly $11 billion in financial assistance to help communities build, improve, maintain and operate public transportation systems. As PMO consultant, Hill supplements the FTA's technical staff in assessing grantees' project management and technical capacity to successfully implement the FTA's capital programs. Hill monitors the projects to determine if they are progressing on time, within budget, and in accordance with the grantees' approved plans and specifications, and also provides technical assistance to ensure the success of the projects. Hill has been providing PMO services to the FTA continuously for nearly three decades.
"We understand the importance of the FTA's PMO program in overseeing how federal funds are spent on transit projects nationwide," said Vincent D. Gallagher, P.E., P.P., P.L.S., Senior Vice President and Director of Hill's Federal Transit Group. "We are extremely pleased that the FTA has decided to continue our involvement in the PMO program, which Hill helped pioneer in the 1980s," added Gallagher.
Hill International, with 4,500 employees 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.
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Source:Hill International, Inc.