NV5 Bags $11M Contracts From New York City Department Of Parks And Recreation

  • NV5 Global Inc NVEE has secured $11 million in new contracts from the New York City Department of Parks and Recreation.
  • The company will provide engineering design throughout the city and planning services for the Coney Island Boardwalk reconstruction.
  • NV5 has secured a three-year, $9 million contract to design civil and structural engineering improvements for facilities such as parks, recreation centers, piers, marinas, and waterfront structures. 
  • This contract is NV5's first engineering design agreement with the Department of Parks and Recreation and expands upon the landscape architecture, planning, and inspection services that NV5 currently provides to the agency.
  • The company has received a $1.5 million contract to develop a phasing plan and design guidelines for The Coney Island Boardwalk Pre-Design Study.
  • "We have served the New York City Department of Parks and Recreation for close to 20 years, and we are pleased that the agency has recognized NV5's commitment to excellence by expanding our services and involving NV5 in critical resiliency projects," said Dickerson Wright, Chairman and CEO of NV5.
  • Price Action: NVEE shares closed lower by 2.14% at $101.19 on Friday.
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