PHILADELPHIA and BALTIMORE, March 27, 2017 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Region 3 of the U.S. General Services Administration (GSA) to provide construction management services during modernization of the Arthur J. Altmeyer Building and renovations to the Robert M. Ball Building, both located on the headquarters campus of the U.S. Social Security Administration (SSA) located in Woodlawn, Maryland. The four-year contract has an estimated value to Hill of approximately $2.9 million.
The ten-story Altmeyer Building is the main building on the SSA campus. The building is connected through a series of links to the Ball Building and the West High Rise Building. The Altmeyer Building will undergo a complete modernization, with construction requiring all tenants to fully vacate the building prior to construction. For the duration of the project, Altmeyer tenants will be moved into temporary office “swing space” located in the adjacent Ball Building. The swing space will be designed and constructed, prior to the Altmeyer being vacated. Hill’s scope of work includes managing the design and construction of swing space in the Ball Building to allow the Altmeyer Building to be vacated, and then managing the comprehensive renovation of the Altmeyer building. The two projects have a combined estimated construction cost of approximately $110 million.
“The Altmeyer Building is the public face of the SSA campus,” said Edward C. Newman III, P.E., CCM, LEED AP, Hill’s Senior Vice President and Washington, DC Regional Manager. “These renovations will deliver much needed upgrades providing optimal functionality for many years to come,” added Newman.
Hill International, with 4,300 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.
Hill International, Inc.
John P. Paolin
Senior Vice President of Marketing and
Corporate Communications
(215) 309-7710
johnpaolin@hillintl.com
The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com
(HIL-G)