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 > Another New Project

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Comment by radcaton Jan 30, 2023 8:33am

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Post# 35253546

RE:RE:RE:RE:RE:RE:RE:Another New Project

If a contractor signs a fixed contract I would like to believe they have an idea of what cost over-runs would be. For example if they anticipate 20%, add 30-35% to the bid estimate. Quotations do not have to be razor thin. Once again, Covid has absolutely blindsided contractors with increased cost to complete contracts. They never could have anticipated things would get this bad. Nobody has a crystal ball... Hope the share price holds. We are currently showing an opening of +0.26 = $11.86.

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