两家大型公开承包商 - SNC-Lavalin Group Inc.，Fluor Corp.和Granite Construction Inc.-将固定价格合同作为企业增长策略退出，因为大型投资风险不平衡。季度结果。
After announcing a $1.6-billion quarter loss on Aug. 1 compared to a $62.7-million profit a year earlier, Canada design-builder SNC-Lavalin said it will not bid on future “lump-sum turnkey” projects and will reorganize its infrastructure, oil-and-gas and mining units into separate businesses. The firm also has exited from at least four large Canada infrastructure project bids, for which the firm or its team shortlisted,including two in Vancouver。
Fixed-price contracts are the “root cause … of performance issues,” said interim CEO Ian Edwards indetailing the firm's current issues。“The current model within our industry is broken.”
同时观察人士猜测啊n big project impacts of fewer bidders. SNC-Lavalin's "sudden move to withdraw its bid on a $500-million overhaul of Montreal’s Lafontaine tunnel sent the government back to square one only months before work was set to begin," said Canada's Globe & Mail newspaper in an Aug. 6 opinion. "Without a Quebec-based consortium in the running, the province could be in the politically tricky situation of paying a foreign bidder substantially more on the project."
前进的道路
On Sept. 24, Fluor will detail a path forward for its previously announced retreat from fixed-price work after a strategic review led it to take a $714-million pretax second-quarter charge on Aug. 1. The Texas-based global EPC giant posted a $555-million quarter net loss compared with net earnings of $115 million a year ago. Revenue fell 16% to $4.09 billion.
新名字的首席执行官卡洛斯·埃尔南德斯（Carlos Hernandez）说：“我们了解这些结果的含义。”他负责评估该公司积压的风险水平。
“While charges were expected, the magnitude and pervasiveness across the portfolio were worse than [Wall Street] expected,” said Jamie Cook, Credit Suisse managing director and industry sector analyst.
它说
It will no longer pursue lump-sum-projects government work and will replace two directors to “deepen oversight,” said Andrew Wittman, Baird Equity Research analyst. He also noted reviews of the firm’s real estate portfolio and performance of assets such as its NuScale small modular nuclear unit.
Analysts said Fluor could gain a strong share of pending LNG construction awards, with its $35-billion backlog rising to $40 billion by year end, “assuming [it] appropriately de-risks it,” said Cook.
上个月的报告Weapons Complex Monitor,一份政府防卫服务部门出版物引用了身份不明的消息来源，他们说雅各布斯工程正在探索可能购买荧光政府服务集团，甚至是公司，以进一步促进其联邦废物清洗工作。
Hernandez did not address the speculation in the analyst call. He said Fluor is "evaluating the rest of our organizations to see what offerings in our end markets are not consistent with our goals to drive long-term value for our shareholders. All options are on the table."
Further update will come in the Sept. 24 review announcement.
A Jacobs spokeswoman did not comment.
雅各布斯在8月5日的第三季度业绩中表示，收入和股票收益都上涨。该公司正在最终确定其能源，化学和采矿集团向Worleyparsons转换为以服务为重点的模型时。
Risk Revisited
In reporting its $97.8-million Q2 loss on Aug. 2, Granite noted charges related to four $1-billion-plus legacy fixed-price projects in its heavy civil group that the firm and owners are disputing.
“It is now clear that, especially in the context of these megaprojects, the fixed-price design-build contract delivery model and public-private partnership … model resulted in an untenable imbalance in risk-sharing,” said CEO James H. Roberts.
He noted an accelerated review “of how we approach larger projects in our portfolio” but said results were “solid” in other units, including water, since its 2018 purchase of Layne Christensen, with a “robust project pipeline ahead for 2019.”
加拿大基础设施和惠誉评级公司（Fitch Ratings Inc.“物有所值”并最大程度地利用利润，政府反对党和股权发起人将太多风险降低给承包商，从而导致固定价格项目变得无利可图。”新利18备用网址
He contends that "recent developments also reinforce our view that construction completion remains one of the most important risks posed to a project, which needs to be fully evaluated and priced appropriately," adding that key risks such as geotechnical, technology, permitting and other third-party approvals "need to be transferred to the partner that is best able to manage them and not simply transferred to minimize the number of risks" to project owners and sponsors.
