PHILADELPHIA and NEW YORK, April 21, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that its joint venture with The LiRo Group has received a contract from the New York City School Construction Authority (SCA) to provide construction management, professional staffing and consulting services. The two-year contract has an estimated value to the joint venture of approximately $20.0 million. Hill and LiRo are equal partners in the joint venture.
“The SCA has turned to the Hill/LiRo joint venture for construction management and staffing services for more than ten years,” said John Milano, P.E., Senior Vice President and Northeast Regional Manager for Hill’s Project Management Group. “Our longstanding client relationship with the SCA is a direct reflection of our team’s outstanding service and commitment to their projects,” added Milano.
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.
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The Equity Group Inc.
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Source:Hill International, Inc.