PHILADELPHIA and KINGSTON, R.I., June 02, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the State of Rhode Island’s Department of Administration to provide owner’s program management services in connection with the design and construction of a new engineering building at the University of Rhode Island (URI). The four-year contract has an estimated value to Hill of approximately $2.4 million.
The vision for the proposed construction is a building that will dramatically elevate teaching and research in engineering, and foster new discoveries that will be the foundation of new companies and stimulate growth in existing Rhode Island companies. The facility will include state-of-the-art classrooms and laboratories that are key to fostering innovative research demanded by contemporary engineering firms.
The new 195,000-square-foot facility will replace five existing engineering buildings on URI’s main Kingston campus, all of which opened in the late 1950s and early 1960s. The building will be home to seven of the university’s eight engineering programs, including biomedical, chemical, civil, computer, electrical, industrial and systems, and mechanical engineering.
“This new facility will have a major positive impact on URI’s engineering program,” said Joseph A. Naughton, Senior Vice President and New England Regional Manager for Hill’s Project Management Group. “We are proud to be participating in this important project,” added Naughton.
Hill International, with 4,600 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.
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Source:Hill International, Inc.