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Organization and Nature of Business Operations
3 Months Ended
Mar. 28, 2020
Accounting Policies [Abstract]  
Organization and Nature of Business Operations Organization and Nature of Business Operations
Business
NV5 Global, Inc. and its subsidiaries (collectively, the “Company,” “NV5 Global”) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets, operating nationwide and abroad. The Company’s clients include the U.S. federal, state and local governments, and the private sector. NV5 Global provides a wide range of services, including, but not limited to:
Infrastructure, engineering and support
Management oversight
Construction quality assurance, testing and inspection
Permitting
Program management
Inspection and field supervision
Utility services
Testing inspection and certification
Environmental
Forensic engineering
Planning
Litigation support
Design
Condition assessment
Consulting
Compliance certification
Geospatial solutions
 
 

Impact of COVID-19 on Our Business
The COVID-19 pandemic has significantly impacted global stock markets and economies and has adversely affected the market price of our common stock. We are closely monitoring the impact of the outbreak of COVID-19 on all aspects of our business, including how it will impact our customers and employees. While COVID-19 did not have a material adverse effect on our reported results for our first quarter, we are unable to predict the ultimate impact that it may have on our business, future results of operations, financial position, or cash flows. The extent to which our operations may be impacted by the COVID-19 pandemic will depend largely on future developments, which are highly uncertain and cannot be accurately predicted, including new information which may emerge concerning the severity of the outbreak and actions by government authorities to contain the outbreak or treat its impact. We intend to continue to monitor the impact of COVID-19 pandemic on our business closely.