H2O Innovation expands operation, adding $55.5M to backlog
The renewal of a contract with the city of Gulfport has been valued at $13.9 million per year
QUEBEC CITY — H2O Innovation Inc. has renewed a contract with its largest operation and maintenance customer which is the city of Gulfport, Miss.
The company says that the renewal has been valued at $13.9 million per year. The agreement includes expansion for solid waste collection and fleet management and consumer price index adjustments.
Additionally, the expanded four-year contract means an O&M backlog of $131 million for the company.
H2O also says that the agreement allows the city of Gulfport to extend the contract for up to four additional renewal periods of two years each, potentially lengthening the total contract term to 12 years.
“We are thrilled to continue our relationship with this very important client who has been working with us since 2011. The continued success of this project reflects the hard work and dedication of our employees who live our company values and strive every day to deliver award winning services to our customers,” said Frédéric Dugré, president and CEO of H2O Innovation.