XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Organization and Nature of Business Operations
 6 Months Ended
Jun. 27, 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. The Company is closely monitoring the impact of the outbreak of COVID-19 on all aspects of its business, including how it will impact the Company's customers and employees. While COVID-19 did not have a material adverse effect on the Company's reported results for the first half of the fiscal year, the Company is unable to predict the ultimate impact that it may have on its business, future results of operations, financial position, or cash flows. The extent to which the Company's 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. The Company intends to continue to monitor the impact of COVID-19 pandemic on its business closely.