Mr. Teri McKibbon reports

BIRD JOINT VENTURE AWARDED THE ALLIANCE DEVELOPMENT AGREEMENT TO DELIVER THE EAST HARBOUR TRANSIT HUB IN TORONTO

Bird Construction Inc.'s 50/50 joint venture with AtkinsRealis has entered into an alliance development agreement to work collaboratively with Metrolinx to deliver the East Harbour transit hub. Bird is partnered with AtkinsRealis under the rail connect (RC) partners joint venture.

The East Harbour transit hub, part of Toronto's SmartTrack Stations program, is one of the first major projects in Canada to be procured using an alliance model. The alliance model has been used internationally to plan and deliver large, complex infrastructure programs, driving innovation and collaboration between parties. The alliance model is better equipped to manage risk, with greater transparency and co-operative decision-making.

The alliance development agreement marks a collaborative phase where the focus is on optimizing the design solution, developing detailed resource, cost and schedule estimates, preparing a project proposal, finalizing the project alliance agreement, and performing early works.

"This significant award advances our strategic priority to grow our infrastructure portfolio while maintaining our disciplined pursuit of projects with appropriate risk profiles," said Teri McKibbon, president and chief executive officer of Bird. "We are proud to play a key role in this project where we can leverage Bird's extensive collaborative contracting experience along with our comprehensive self-perform capabilities, including the specialized services of Dagmar, acquired in 2021. We look forward to working collaboratively with Metrolinx, and the other alliance team members and stakeholders, to promote innovation, continuous improvement and productivity while delivering this critical infrastructure project required to meet the needs of future generations."

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.

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