PHILADELPHIA and NEW YORK, Oct. 6, 2015 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Region 2 of the U.S. General Services Administration (GSA) to provide construction management services for the first phase of the renovation of the Jacob K. Javits Federal Building in New York City. The three-and-a-half year contract has an estimated value to Hill of approximately $3.0 million.
The Javits Building, located at 26 Federal Plaza in downtown Manhattan, is comprised of two 45-story office buildings built in 1967 and 1977. In the spring of 2016, the GSA plans to move operations from the Javits Building to the new One World Trade Center vacating most of its space within the building. As a result of this vacancy, GSA will be able to complete critical renovations including asbestos removal, mechanical and electrical system upgrades and fire/life safety improvements. When renovations are complete, GSA plans to consolidate multiple agency operations into the newly renovated Javits Building. The renovation project has an estimated construction cost of approximately $73 million to $95 million.
"We are honored that GSA has once again turned to Hill to help manage an important, time-sensitive federal building project," said John Milano, P.E., Senior Vice President and Northeast Regional Manager for Hill's Project Management Group. "We are confident that our team will deliver on all project requirements," added Milano.
Hill International, with 4,900 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.
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Source:Hill International, Inc.