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MISSISSAUGA - Bird Construction Inc. (TSX:BDT), a construction services provider with a market capitalization of $245 million, has entered into a Development Phase Agreement with Infrastructure Ontario and William Osler Health System for the Peel Memorial Hospital Phase 2 Redevelopment project, the company announced Monday.
This agreement follows Bird’s selection as the Preferred Proponent on September 29, 2025, and initiates the development phase of the project. As Development Partner, Bird will collaborate with Osler and Infrastructure Ontario to advance the project’s design, schedule, pricing, and risk parameters under a progressive design-build model.
Upon successful completion of the development phase, Bird expects to enter into a target price Project Agreement for project delivery.
"This progressive contracting model fosters early engagement, informed decision-making, and disciplined risk management, which are all key drivers of value for our clients, partners, and communities," said Teri McKibbon, President & CEO of Bird Construction, according to the press release.
Bird Construction, operating across Canada, provides construction services to the industrial, buildings, and infrastructure markets. The company has been in operation for over 100 years.
The financial terms of the agreement were not disclosed in the company’s statement.
In other recent news, Bird Construction Inc. has completed its acquisition of Fraser River Pile & Dredge (FRPD) from TriWest Capital Partners. This acquisition, initially announced with an estimated value of $82.3 million, was finalized to enhance Bird Construction’s self-perform capabilities. FRPD, known for its marine infrastructure, land foundations, and dredging services, brings significant expertise to Bird Construction. The acquisition aims to expand Bird’s operational scope by integrating FRPD’s long-standing experience in major infrastructure projects. FRPD, established in 1911, is one of Canada’s oldest marine construction companies, with over 300 employees. The completion of this acquisition marks a significant development for Bird Construction as it seeks to strengthen its market position.
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