PHILADELPHIA and SAN FRANCISCO, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL ), the global leader in managing construction risk, announced today it has received a contract from the City and County of San Francisco Airport Commission to provide Capital Program Support Services for San Francisco International Airport’s (SFO) $7.3 billion Capital Improvement Program (CIP). The initial term will be $8.5 million for the first year of services, and can be renewed annually by SFO up to 4 additional years (not to exceed 5 years and $40 million).
"Hill specializes in helping our airport clients manage and control complex programs and projects like SFO’s CIP," said Michael B. Smith, Senior Vice President and Western Regional Manager for Hill's Project Management Group. “We look forward to working on this critical CIP with SFO, and to helping SFO maintain and enhance their position as the Bay Area’s premier gateway.”
Hill’s support services will comprise program-level reporting, cost and schedule development and analysis, cost estimating, construction and logistics management, process development and training, risk mitigation and maintenance of SFO’s project management system. This support will help SFO to achieve the goals of the CIP as efficiently and effectively as possible. CIP goals include constructing new facilities, expanding infrastructure, augmenting security, developing systems functionality and performing maintenance for terminal, airfield and groundside components to accommodate increasing passenger growth.
Hill International (NYSE: HIL ), with more than 3,000 professionals in more than 50 offices worldwide, provides program management, project management, construction management, 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.
Hill International, Inc. Elizabeth J. Zipf, LEED AP BD+C Senior Vice President Hill International, Inc. One Commerce Square 2005 Market Street, 17th Floor Philadelphia, PA 19103 Tel: 215-309-7707 elizabethzipf@hillintl.com
InvestorCom John Glenn Grau President (203) 295-7841 jgrau@investor-com.com
(HIL-G)
