PHILADELPHIA and MADRID, Spain, July 06, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the Regional Healthcare Authority of Madrid (SERMAS) in connection with establishing a Control Technical Unit to provide operational monitoring services to eleven hospitals throughout Madrid, Spain. The two-year contract has an estimated value to Hill of approximately €2.0 million ($2.2 million).
SERMAS is the entity that integrates all the public hospitals and every public health service of the Madrid Regional Health System. Hill’s services will include quality monitoring and compliance verification in relation to the availability of payment to concessionaires that operate each of the eleven hospitals.
“Hill has been supporting Madrid hospitals since 2007, developing a methodology for the administration and monitoring of concession contracts under public-private partnership (PPP) schemes, in both the construction and operational phases of a project,” said Jeffrey Sújar Blanco, Vice President with Hill. “This experience has positioned us as a premier consultant for this type of service within the industry,” added Sújar.
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 eighth 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.