Hill International Receives Construction Management Contract for Major University Complex in Kuwait.MARLTON, N.J. & SHARQ, Kuwait -- Hill International (Nasdaq:HINT), the worldwide construction consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , announced today that it has been awarded, in joint venture with System Development and Project Management (SDPM SDPM Self-Driven Particle Model SDPM System Development and Project Management ), a contract by the Kuwait Public Authority for Applied Education and Training (PAAET PAAET Public Authority for Applied Education and Training ) to provide construction management services for a major university complex at PAAET's Ardiya campus. The three-and-a-half-year contract has an estimated value to the joint venture of approximately KWD KWD In currencies, this is the abbreviation for the Kuwaiti Dinar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.5 million (US $8.7 million). The approximately KWD100 million ($346 million) project consists of four separate educational facilities: the College of Basic Education for Men, the College of Basic Education for Women, the College of Business Studies for Men, and the College of Business Studies for Women. Services to be provided by the Hill/SDPM joint venture include providing project controls, advising on procurement, coordinating contractors, establishing jobsite facilities, reviewing bid documents, managing and inspecting construction, monitoring submittals, overseeing vendors and subcontractors, managing contract change orders and claims, and monitoring site safety programs. "We've had great success delivering these types of multi-faceted building programs in the past," said Raouf S. Ghali, President of Hill's International Project Management Group. "We have great confidence that our team will be equally successful at the Ardiya campus," Ghali added. Hill International, with 1,400 employees in 60 offices worldwide, provides program management, project management, construction management, and construction claims services. Engineering News-Record Engineering News-Record (widely known as ENR) is a weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide. It has been published since 1874. It is owned by The McGraw-Hill Companies. magazine recently ranked Hill as the 17th largest construction management firm in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information on Hill, please visit our website at www.hillintl.com. This press release includes certain statements that fall within the definition of "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Any such statements are subject to risks and uncertainties, overall economic and market conditions, competitors' and clients' actions, and weather conditions, which could cause actual results to differ materially from those anticipated, including those risks identified in Hill's filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any prediction by Hill is only a statement of management's belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management's belief, and Hill does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise. (HINT-G) |
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