MISSISSAUGA, ON, Oct. 6, 2021 /CNW/ - Bird Construction Inc.
("Bird") announced today that it will participate in three
Integrated Project Delivery ("IPD") contracts in Western Canada with a combined value in excess
of $150 million,
providing construction services from early planning through
construction and commissioning.
Bird has been given a limited notice to proceed as the
constructor for a substantial food and beverage facility expansion
project that will be executed using an IPD contract model. Bird was
previously chosen as the First Negotiation Proponent for the
project and will continue to work with the client and other parties
to form the multi-party agreement while early planning activities
are underway.
Bird also announces that it has been selected as the successful
proponent for the Okanagan Indigenous Band ("OKIB") water system
upgrade project. This is the first IPD project in Canada for an Indigenous owner group. This
project will provide clean drinking water for the Indigenous
community working with local trade contractors and local Indigenous
workers.
Additionally, Bird has been selected as the successful IPD
General Contractor proponent for the North Okanagan Wastewater
Recovery Project ("NOWRP"). The project will replace aging septic
systems and provide sewer service to the Township of Spallumcheen's
industrial area, and residents and businesses in Regional District
of North Okanagan ("RDNO") and parts of OKIB.
These projects will be recorded in pending backlog until
purchase orders are issued by the clients for the full value.
IPD is a contracting method that promotes parties, usually
including the owner, consultants, general contractor and sometimes
subcontractors and suppliers, to work together in a collaborative
setting. The IPD model aligns incentives for the partners
through terms that incentivize the achievement of project goals and
provide full transparency regarding project costs. Leading the
construction activities for both projects, Bird will provide input
into the planning and design processes to support and contribute to
their successful planning and delivery.
"We are excited to have the opportunity to partner with these
new and important clients that serve and support Canadians in key
sectors: food and beverage production; and access to clean water.
Bird's strong reputation for collaboration and process-driven
project execution has positioned us as industry leaders in the
delivery of IPD projects, which will allow us to contribute to the
safe and successful delivery of these important projects," said
Teri McKibbon, President and CEO of
Bird. "A key focus of our new 2022-2024 Strategic Plan is to
increase the proportion of collaborative contracting projects. Over
the past few years, our team has successfully built our IPD
expertise and we have executed a number of projects under this
contracting method. I am very pleased with the positive results we
have seen to date and look forward to building on our success going
forward. These projects contribute to our geographically balanced
work program and position us to continue to build long-term
shareholder value.'"
This press release contains forward-looking information (as
defined in applicable Canadian securities legislation) that
involves known and unknown risks, uncertainties and other factors
which may cause actual results, performance, or achievements to
materially differ from those expressed or implied by the
forward-looking information.
The Toronto Stock Exchange does not accept responsibility for
the adequacy or accuracy of this release.
For further information 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 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, commercial, 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. www.bird.ca
SOURCE Bird Construction Inc.