This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hill International Receives Contract From GSA Region 2 To Manage Construction Of Energy Savings Performance Contracts

MARLTON, N.J. and NEW YORK, Feb. 18, 2014 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that the company, in association with WSP USA Corp., has received a task order contract from Region 2 of the U.S. General Services Administration (GSA) to provide construction management services in support of GSA's Energy Savings Performance Contracts (ESPCs) for multiple federally-owned buildings located in Manhattan, Brooklyn and White Plains, New York. The three-year contract has an estimated value to Hill of approximately $3.2 million.

GSA Region 2 is seeking to implement a variety of energy conservation measures in 11 facilities covering a total area of approximately 8.6 million gross square feet of conditioned space. The ESPC contract vehicle allows third party contractors to invest in federal facilities, and recover the costs of their investment plus a reasonable profit from the energy savings which are generated by the investments. Use of this type of contract brings with it significant risks and debts for GSA which must be managed to ensure that projects selected offer the best returns on investment, and that once investments are made, that expected savings are achieved. This effort also involves significant repair work to existing building operating systems in order to make them function correctly and enable the government to measure energy usage before and after projects are completed in order to verify actual savings realized.

This project includes planning development of the program, identification and budgeting of energy and water conservation projects, life cycle cost estimates of investment decisions to facilitate business decisions by senior leaders, execution of individual project elements by the prime energy services company and subcontractors, measurement and verification of results, and adaptive management of the program to accomplish the overall goals. The estimated range of the construction costs for this ESPC effort is $80-$100 million.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.70 0.00%
FB $101.91 0.00%
GOOG $683.11 0.00%
TSLA $150.47 0.00%
YHOO $26.76 0.00%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs