Hill International Receives $16 Million Program Management Contract From the Los Angeles Metro
MARLTON, N.J. and LOS ANGELES, May 24, 2012 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from the Los Angeles County Metropolitan Transportation Authority (Metro) to provide program management support and implementation services. The contract, which has a three-year base term and two one-year option terms, has an estimated value to Hill of approximately $16.1 million.
In November 2008, Measure R passed providing Metro with a potential $40 billion in revenue to improve transportation and transit in the Los Angeles basin. Measure R funds, which will be provided through a 1/2CENT increase in sales tax, will allow Metro to fund a number of transit and highway projects over the 30-year period that the measure is in effect. To accelerate key projects, Metro's Board directed Metro leadership to prioritize a set of projects for delivery within 10 years. These projects are identified in the Measure R 30/10 Transit and Accelerated Highway Program.
In support of Metro's aggressive 30/10 program, Hill will be providing program management support services including enterprise-wide program management activities (such as process improvement or standardization efforts) as well as project-level support activities (such as cost estimating and project controls). Enterprise-wide program management activities include the establishment of best practices for expediting project delivery in coordination with internal interdepartmental management, outside agencies and consultants. This also includes establishing training needs for Metro project managers and developing a project manager training program orientated toward the Metro environment. Finally, these activities also include support for enterprise-wide tools, such as the Project Management Information System (PMIS).
We are honored to have been selected by Metro to help support and implement their long-term program management efforts, said John K.
Skoury, P.E., Senior Vice President in charge of Hill's rail and transit practice in California.
Hill International, with 3,200 employees in 110 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
In November 2008, Measure R passed providing Metro with a potential $40 billion in revenue to improve transportation and transit in the Los Angeles basin. Measure R funds, which will be provided through a 1/2CENT increase in sales tax, will allow Metro to fund a number of transit and highway projects over the 30-year period that the measure is in effect. To accelerate key projects, Metro's Board directed Metro leadership to prioritize a set of projects for delivery within 10 years. These projects are identified in the Measure R 30/10 Transit and Accelerated Highway Program.
In support of Metro's aggressive 30/10 program, Hill will be providing program management support services including enterprise-wide program management activities (such as process improvement or standardization efforts) as well as project-level support activities (such as cost estimating and project controls). Enterprise-wide program management activities include the establishment of best practices for expediting project delivery in coordination with internal interdepartmental management, outside agencies and consultants. This also includes establishing training needs for Metro project managers and developing a project manager training program orientated toward the Metro environment. Finally, these activities also include support for enterprise-wide tools, such as the Project Management Information System (PMIS).
We are honored to have been selected by Metro to help support and implement their long-term program management efforts, said John K.
Skoury, P.E., Senior Vice President in charge of Hill's rail and transit practice in California.
Hill International, with 3,200 employees in 110 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.