06:46:37 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Bird Construction Inc
Symbol BDT
Shares Issued 53,774,639
Close 2023-11-22 C$ 11.79
Market Cap C$ 634,002,994
Recent Sedar Documents

Bird Construction wins $130-million in Ont. contracts

2023-11-22 18:28 ET - News Release

Mr. T.L. McKibbon reports

BIRD CONTINUES TO GROW INSTITUTIONAL & NUCLEAR PORTFOLIO IN ONTARIO

Bird Construction Inc. has been awarded a construction management contract for the Seneca Polytechnic Health & Wellness Centre project and a new multiyear task order under the previously announced Port Hope Area Initiative (PHAI) master construction contract (MCC) by Canadian Nuclear Laboratories (CNL). The value of the awards exceeds $130-million.

A dynamic, multistorey health and wellness complex, the Seneca Health & Wellness Centre will be a destination for students and employees to support their physical, mental, emotional and spiritual wellness. In alignment with Seneca's commitment to sustainability, many green practices will be incorporated, including mass timbre, rainwater harvesting, solar energy, geothermal energy, renewable building materials, green roofing and operational sustainability. This complex will also serve as the new home for the Seneca Student Federation.

The newly awarded task order by CNL expands Bird's responsibilities on approximately 400 sites in the municipality of Port Hope. Bird will be responsible for the engineering, design, procurement, and remediation and restoration activities for the sites where Bird has been performing remediation activities since late last year. Bird's expanded responsibilities in Port Hope reinforce the company's growing presence in environmental remediation and the nuclear sector. There remains a significant pipeline of work under the overarching MCC announced in 2022, which gives Bird the opportunity to bid on over $1-billion in environmental remediation work.

"We are pleased to continue growing our innovative and sustainable portfolio of projects in Ontario. From kicking off our collaborative approach with Seneca to deepening our roots in Port Hope, we strive to foster impactful community relationships and uphold our commitment to a strong client focus," noted Teri McKibbon, president and chief executive officer of Bird. "Securing these awards advances our strategy to build consistent, multiyear revenue streams and to make lasting impacts on postsecondary education while actively contributing to a more sustainable future."

About Bird Construction Inc.

Bird is a leading Canadian construction company operating from coast to coast and servicing all of Canada's major markets. Bird provides a comprehensive range of construction services from new construction for industrial, infrastructure and institutional markets to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure, including electrical, mechanical and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.