PHILADELPHIA and LUBBOCK, Texas, July 11, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received two contracts from the Texas Tech University System (TTUS), Department of Facilities Planning and Construction, to provide construction management services in connection with several new building projects with a combined project value of $110.1 million. The two contracts have a combined estimated value to Hill of approximately $2.4 million.
The new Lubbock Education, Research & Technology Building and the West Expansion Building, located in the Lubbock main campus, are part of TTUS’s Texas Tech University Health Science Center and will feature approximately 150,000 gross square feet of flexible, open and modular high-tech interdisciplinary research laboratories, principal research investigator offices, core instrumentation facilities, a seminar room and academic offices and support space to foster the university’s growing research enterprise. The buildings have an estimated project value of $83.7 million.
The new College of Health and Human Services Building, located in San Angelo, Texas and part of TTUS’s Angelo State University, will feature approximately 52,000 gross square feet of teaching laboratories, classroom spaces, a 100-seat seminar room, student study rooms, high-tech interdisciplinary research laboratories, a centralized administrative suite, faculty offices, an academic advising center and a support center for online program development and delivery. The building has an estimated project value of $26.4 million.
“We are very proud that Texas Tech selected Hill to help deliver these important facilities,” said Robert A. Ferguson, CCPM, LEED AP, Senior Vice President and Southern Regional Manager for Hill’s Project Management Group. “When complete, these projects will not only benefit current and future university students but also the local communities,” added Ferguson.
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. Favorite restaurant
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