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Bullboard - Stock Discussion Forum Bird Construction Inc T.BDT

Alternate Symbol(s):  BIRDF

Bird Construction Inc. is a Canadian construction and maintenance company operating from coast-to-coast-to-coast. The Company provides a range of construction services from new construction for industrial, infrastructure and institutional markets; to industrial maintenance, repair and operations (MRO) services, heavy civil construction and mine support services; as well as vertical... see more

TSX:BDT - Post Discussion

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Post by divime1 on Aug 23, 2021 6:20pm

NEWS

 

Bird consortium selected by Alberta for DBFM contract

 

2021-08-23 18:07 ET 

 

Mr. Teri McKibbon reports

BIRD CONSTRUCTION INC. CONSORTIUM SELECTED AS PREFERRED PROPONENT FOR FIVE ALBERTA SCHOOLS UNDER DBFM CONTRACT

Bird Construction Inc. has noted that Concert-Bird Partners, a consortium comprising Bird Capital LP, Bird Design-Build Construction Inc., Concert Infrastructure Ltd., Ainsworth Inc., BR2 Architecture and Wright Construction Western Inc., has been selected by Alberta Infrastructure as the preferred proponent for the Design, Build, Finance, and Maintain (DBFM) contract for five Alberta high schools.

Financial close is expected in the third quarter of 2021.

Under the public-private partnership (P3) model, Concert-Bird Partners will deliver five new Alberta high schools including two in Edmonton and one in each of Blackfalds, Leduc and Langdon. Once complete, the schools will accommodate nearly 7,000 students and will include approximately 650,000 square feet of permanent structure space. Designs for the schools will include considerations for optimized building performance, energy conservation and other sustainable building features.

"Bird and Concert Infrastructure have a strong partnership and a proven track record of success in this market, including the delivery of other multischool contracts under a similar model in Alberta and Saskatchewan. We are pleased to be considered for the opportunity to deliver such an important project that will leave a lasting and positive impact in these communities well into the future," said Teri McKibbon, president and chief executive officer of Bird Construction. "Our experienced Bird Capital team has a robust performance record in the P3 market, and this contract will further contribute to Bird's portfolio of projects with an appropriately balanced risk-reward profile."

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