Hill International Receives $50 Million CM/Build Contract from the City University of New York
MARLTON, N.J. and NEW YORK, April 6, 2015—Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the City University Construction Fund (CUCF) on behalf of the City University of New York (CUNY) to provide on-call construction management/build services in connection with various university construction projects. The three-year contract has an estimated value to Hill of $50.0 million, which includes approximately $10.0 million of management services which will be provided by Hill and approximately $40.0 million of construction services which will be provided by subcontractors.
Most project assignments are anticipated to range from $3 million to $30 million, and will involve the rehabilitation, construction, renovation or expansion of CUNY sites and facilities. CUNY consists of 24 institutions located throughout the five boroughs of New York City that include 303 buildings on 27 million square feet of space with classrooms, offices, computer centers, libraries, laboratories, gymnasiums, theatres, greenhouses and many other features. CUCF provides facilities for CUNY and supports the university’s educational purposes. CUNY is the largest municipal college system and the third largest university in the nation.
“CUNY continues to implement bold, strategic measures to position itself among the most highly regarded and respected public institutions for higher education,” said John Milano, P.E., Senior Vice President and Northeast Regional Manager for Hill’s Project Management Group. “We are proud to be part of their facilities construction program,” added Milano.
Hill International, with 4,600 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 ninth largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.