MARLTON, N.J. and IRVINE, Calif., Dec. 4, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL ), the global leader in managing construction risk, announced today that it has received a new contract from Southern California Edison (SCE) to continue providing project management services on its multi-billion dollar capital improvement program. The three-year contract has an estimated value to Hill of approximately $16.6 million.
Services to be provided by Hill include project management, project controls, cost engineering, cost estimating, scheduling, risk assessment, performance measurement and reporting, document control, value engineering, quality assurance, constructability reviews, inspection, and claims prevention and management.
"We are extremely delighted to have received this new contract and continue our support for this major infrastructure program," said Michael B. Smith, Senior Vice President and Western Regional Manager for Hill's Project Management Group. "It is a reflection of a great partnership between SCE and Hill and the hard work and professionalism of all of our team members on the program," added Smith.
Hill International, with 4,000 employees 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 9th 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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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. We do not intend, and undertake no obligation, to update any forward-looking statement.
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Hill International, Inc. John P. Paolin Senior Vice President of Marketing and Corporate Communications (856) 810-6210 The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608
