MISSISSAUGA, Ontario, Sept. 12, 2023 (GLOBE NEWSWIRE) — Bird Construction Inc. (TSX: BDT) introduced right this moment a newly awarded activity order below the beforehand introduced Port Hope Area Initiative (“PHAI”) Master Construction Contract (“MCC”) by Canadian Nuclear Laboratories (“CNL”). Bird has additionally been awarded a multi-year contract for civil works on websites within the Heartland Region of Alberta by an undisclosed consumer. The mixed worth of the awards is roughly $100 million, to be executed over the subsequent three years.
Under the duty order project from CNL, Bird will full engineering investigations, characterization, and sub-surface drilling of over 400 highway allowance websites throughout Port Hope. This activity order falls below Bird’s overarching MCC introduced in 2022, which incorporates the chance to bid on over one billion {dollars} in environmental remediation work. In addition to the Company’s present operations inside Port Hope, this activity order reinforces Bird’s strategic place inside the environmental remediation sector as a number one full-lifecycle contractor, positioning Bird for constant multi-year recurring income streams.
Under the brand new Master Service Agreement in Alberta, the group might be assigned civil providers and tasks, together with earthworks, concrete works, foundations, and underground scope. Bird has been engaged on assignments within the area because the Nineteen Seventies, demonstrating a historical past of industry-leading experience and a powerful consumer service method.
“Bird’s standing with shoppers as a trusted long-term companion for building providers is underscored by the recent multi-year awards and is a vital issue driving our development and robust efficiency,” famous Mr. Teri McKibbon, President and CEO of Bird. “We proceed to see strong demand for our industrial and civil providers throughout Canada. Our rising portfolio of recurring income MSA’s, which totalled $1.1 billion on the finish of the second quarter of 2023, contributes to our numerous mission combine and enhances visibility into our future efficiency.”
This press launch incorporates forward-looking data (as outlined in relevant Canadian securities laws) that includes identified and unknown dangers, uncertainties and different components which can trigger precise outcomes, efficiency, or achievements to materially differ from these expressed or implied by the forward-looking data.
The Toronto Stock Exchange doesn’t settle for duty for the adequacy or accuracy of this launch.
For additional data, contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122
About Bird Construction
Bird (TSX: BDT) is a number one Canadian building firm working from coast-to-coast and servicing all of Canada’s main markets. Bird supplies a complete vary of building providers from new building for industrial, infrastructure and institutional markets; to industrial upkeep, restore and operations providers, heavy civil building, and mine help providers; in addition to vertical infrastructure, together with electrical, mechanical, and specialty trades. For over 100 years, Bird has been a people-focused firm with an unwavering dedication to security and a excessive stage of service that gives long-term worth for all stakeholders. www.fowl.ca
