Bird Construction Inc. Announces New Contract Awards Totalling $400 Million
LISTING: TORONTO STOCK EXCHANGE
TORONTO, Dec. 19, 2013 /CNW/ - Bird Construction Inc. announced today that it has recently been awarded new contracts totalling approximately $400 million. The projects involve civil and building construction activity to serve the needs of industrial and institutional clients across the country, including a large project to design and construct numerous non-process buildings at the Fort Hills oil sands project located north of Fort McMurray, Alberta. Construction of the projects will commence immediately with expected completion dates extending into the spring of 2016. The contracts will be added to the Company's backlog in the fourth quarter of 2013.
"These new awards add to Bird's growing work program and will further reflect a sector mix trend towards the industrial market as previously indicated" said Tim Talbott, Bird's President and CEO. He went on to state that "the significant project awards in northern Alberta, coupled with previously secured work in this area, are indicative of increased activity which Bird is well-positioned to participate in going forward. We are appreciative of the confidence our repeat clients continue to put in Bird's ability to successfully execute these challenging projects to meet their objectives."
This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Bird Construction Inc.For further information:
T.J. Talbott, President & C.E.O. or
S.R. Entwistle, C.F.O.
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122 Fax: (905) 602-1516