Aecon Group Inc T.ARE

Alternate Symbol(s): AEGXF

Industrials Engineering & Construction

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.

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Aecon Group Inc

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Comment by hotrunneron Feb 04, 2011 10:42am

478 Views

Post# 18075425

RE: RE: 56-59 mil OUCH

Perhaps there was a clause in the customers contract that any cost overuns would be absorbed by the contractor.
Cost overun clauses saves the customer oodles of money, but hurts the contractor BIG time.
Perhaps we can call this poor project management ? What a wipe out.......ouch !

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