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Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

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

Comment by Gabrielon Jul 29, 2024 11:06am
93 Views
Post# 36152628

RE:RE:RE:Status today

RE:RE:RE:Status today

Why budgets are not set yet for all of them on slide 6: The designs of these collaborative projects are ongoing so the precise estimates are not out as we speak but the total rough estimate for our share of those collaborative projects is estimated roughly at about the same as the backlog. With a much more advantageous margin. 

The concept of collaborative projects (all stakeholders working together with clearly defined responsibilities and accountability, indicating who needs to be consulted for approval and who needs to be informed for maximum communication - crucial RACI matrix for coordination and monitoring -  including future users like you and me to harness needs in detail and implement he common clear, measurable objectives understood by all) is in everyone's interest because after the LSTK losses, major contractors have substantially increased their contingencies and owners had to accept to share or absorb more risks in partnership from design to execution in order to contain/cap prices. The more risk you transfer to the contractor today, the much more you will pay.
 

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