NV5 Bags $9M Contract For New York City Parks & Recreation Facility Improvements

• NV5 Global Inc (NASDAQ: NVEE) has secured a $9 million contract from the New York City Department of Parks and Recreation. The agreement carries an initial term of three years and a two-year renewal option.

• The company will provide landscape architectural design services throughout New York City.

• NV5 will design improvements for facilities such as sports fields, playgrounds, skate parks, tracks, waterfront, natural areas, and shoreline restoration.

• Special focus will be placed on sustainable design to improve the connection between parks and neighborhoods and the utilization of green infrastructure techniques to promote resiliency.

• This is NV5's second consecutive agreement of its kind with the New York City Department of Parks and Recreation.

• NV5 Global provides technology, conformity assessment, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems.

• Price Action: NVEE shares traded higher by 0.41% at $131.01 on the last check Thursday.

See more from Benzinga

• Industrial Electric Motor Manufacturer Picks Freight Technologies For Cross-Border Logistics Needs

• Honda Recalls 200,000 Vehicles On Brake Pedal Sensor Issue: Report

• Much Wow! If You Invested $100 When Elon Musk First Tweeted About Dogecoin, Here's How Much You'd Have No

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.