March 25, 2004

Stanley Baker Hill Joint Venture Awarded $1.2 Billion Construction Management Contract for Reconstruction of Iraq

BAGHDAD, Iraq - Stanley Baker Hill, LLC has been awarded a contract by the U.S. Army Corps of Engineers, Transatlantic Programs Center (TAC) to provide construction management services to assist the Coalition Provisional Authority Program Management Office (PMO) in the reconstruction of Iraq. Stanley Baker Hill will provide dedicated construction management support for activities being performed for the PMO. Stanley Baker Hill LLC is a joint venture company of Stanley Consultants, Inc., Michael Baker Jr., Inc., and Hill International, Inc.

The base term of this indefinite delivery/indefinite quantity (ID/IQ) contract is one year, with four additional one-year option periods. The maximum value of the joint venture’s contract is up to $300 million for the base year, $300 million for the first option year, and $200 million for each of the three subsequent option years, for a total maximum contract value of $1.2 billion over a five-year period. The work will be issued by task order.

Construction management services required may include quality assurance support and various ancillary functions associated with the management of large construction projects. It is anticipated that construction projects being supported by these services will include major military construction, as well as infrastructure rehabilitation and reconstruction on a variety of projects in the electricity, oil, public works/water, security/justice, transportation/communications and buildings/health sectors.

"We are extremely pleased to be able to assist the Program Management Office with the rebuilding efforts in support of the Iraq Reconstruction Program," said James Hollatz, Senior Vice President and head of Stanley Consultants’ International Division, who is also the joint venture’s Program Executive for this contract. "Stanley Consultants and Michael Baker are currently in Iraq working directly for the Coalition Provisional Authority, and Hill International is one of the largest firms providing construction management services in the Middle East. The combined resources of our firms will enable our team to continue to serve our nation overseas as we have done for over 25 years. The Stanley Baker Hill joint venture welcomes this challenge," Hollatz added.

Stanley Consultants, Inc. is part of The Stanley Group. The Stanley Group, headquartered in Muscatine, Iowa, provides engineering, environmental, and construction services worldwide. Offices are located in the following locations: Austin, Texas; Boise, Idaho; Chicago, Illinois; Denver, Colorado; Des Moines and Iowa City, Iowa; Las Vegas, Nevada; Minneapolis, Minnesota; Naples and West Palm Beach, Florida; Phoenix, Arizona; Salt Lake City, Utah; and Puerto Rico as well as select international locations. Since 1913, The Stanley Group has successfully completed more than 21,000 engagements in all 50 states, U.S. territories, and in 93 countries.

Michael Baker Jr., Inc. is a subsidiary of Michael Baker Corporation (www.mbakercorp.com). Baker provides engineering and energy expertise for public and private sector clients worldwide. The firm's primary services include engineering design for the transportation and civil infrastructure markets, operation and maintenance of oil and gas production facilities, architecture, environmental services, and construction management for building and transportation projects. Baker has more than 4,700 employees in over 30 offices across the United States and internationally.

Hill International, Inc. (www.hillintl.com), is headquartered in Marlton, New Jersey. With more than 500 employees in 20 offices worldwide, Hill provides program management, project management, construction management and construction claims services. Engineering News-Record magazine last year ranked Hill as the 14th largest construction management firm in the United States.