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Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Industrials Conglomerates
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.


TSX:ARE - Post by User

Aecon Group Inc > Below copies of 3 of the 4 LSTKs with force majeure clauses
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Comment by Gabrielon Sep 30, 2023 8:42am
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Post# 35663097

RE:Below copies of 3 of the 4 LSTKs with force majeure clauses

RE:Below copies of 3 of the 4 LSTKs with force majeure clauses

While we do have the aforementioned clauses, below is the stance of FIDIC regarding COVID and it's associated supply chain disruptions, labor shortage and other related issues,

Goldie Howe contract specifically cites epidemic as force majeure so do the two others as bacteriological contamination.

https://www.ibanet.org/article/d8a94766-7c71-4e59-a4eb-d313c79cd3b8

https://www.mondaq.com/litigation-contracts-and-force-majeure/1300068/fidic-2023-guide-navigating-risk-effects-and-contractor-relief-amidst-covid-19-inflation-and-war
 

https://www.cliffedekkerhofmeyr.com/en/news/publications/2021/Dispute/dispute-resolution-alert-28-april-The-FIDIC-Contracts-COVID-19-Acts-of-God-and-other-Exceptional-Events.html

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