MARLTON, N.J., May 30, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been awarded a contract by New Jersey Transit Corporation (NJ TRANSIT) to provide construction management services on a task order basis. The three-year contract has an estimated value to Hill of approximately $3.5 million.
NJ TRANSIT has an on-going need for consultant services in various planning and engineering disciplines. The volume of work increases and decreases in response to needs and available funding and, as a result, it is costly and impractical to retain an in-house work force sufficient to meet maximum workloads. Task order contracts also allow retention of specialized expertise that is rarely cost-effective to maintain in-house. Additionally, the availability of task order contracts affords the opportunity to use consultants already pre-qualified for specific work efforts, thus minimizing the time and cost needed to initiate and complete work. Contracting with a limited number of consultants also provides a greater measure of control over the work being performed. Hill is one of six firms that were awarded task order contracts for construction management services under this procurement.
"We look forward to continuing to support NJ TRANSIT's capital construction program," said Michael V. Griffin, P.E., Senior Vice President and Mid-Atlantic Regional Manager for Hill's Project Management Group.
Hill International, with 3,800 professionals in 100 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th 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.