Bird Finalizes Agreement For LNG Site Early Works

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MISSISSAUGA, Ontario, Nov. 01, 2023 (GLOBE NEWSWIRE) — Bird Construction Inc. (TSX: BDT) announced today that as part of a 50/50 general partnership (“GP”), it has entered into an agreement for early works at a new LNG project in Western Canada. The three limited notice-to-proceed contracts in the agreement facilitate the mobilization of the project team to commence early works. Bird’s portion of the contracts exceeds $150 million.

“I am pleased that Bird, in collaboration with our GP partner, has been selected to provide the early works for this significant new project. This agreement attests to Bird’s strong reputation as a full project life-cycle contractor, emphasizing our team’s reputation for the safe delivery of our growing self-perform capabilities. Together in our GP, we are committed to building strong relationships with our client and other stakeholders, positioning our team as a long-term partner on this major industrial site,” said Teri McKibbon, President and CEO of Bird. “The Company continues to see a growing, diverse backlog of projects, highlighting our commitment to our strategic priorities and upholding our positive growth and performance expectations into 2024.”

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.

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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, 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. www.bird.ca

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