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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 Ronbromleygrosson Oct 12, 2024 2:30pm
103 Views
Post# 36264052

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:BIRD’s view of the business

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:BIRD’s view of the business

IMO- there is going to be a lot of the pie to go around for so many consulting / engineering and general contractors.  This climate change is destroying mother natures beautiful work that has been around for so many years.   No idea if these worldwide weather issues are man made and we are destroying ourselves or is it something else beyond our control.  It's really sad to see and witness. 

The only good part to the tragedies we are witnessing the world over (ie. tornadoes, sunamies, wars, floods, bridges collapsing, overpopulation, going clean energy, working more efficiently and living in more eco friendly cities and countries, less reliant on coal / oil and more on clean burning fuels, nuclear, just to name a few of the many transformational events happening today) the world is going to need a "HUGE" influx of professional engineering and construction know how and expertise to meet the future demands.  

Construction is in a dire crises mode right now because many of the baby boomers are already retiring and there is not enough skilled trades coming into this field in Canada alone.  There is a major recruitment happening to bring unskilled labour to Canada to help bridge that gap. It's a "train on the go" imo.  No other choice when times get tough.

Which means Engineering and Construction firms will be able to up their bid  proposals as governments no longer have the upper hand to control the process or to delegate the risks to general contractors or sub trades like they did in the past.  Contractors have lost a lot of money on these one sided P3 (public private partnership
deals) in the past and are no longer taking on these projects with these conditions.  I don't blame them.  The projects are only good in order to keep a good chunk of your workforce in your company employed.  They carry too much risk and usually lead to fee writedowns.  Not worth the BS imo.  

Contractors are getting much smarter today and will refuse to take on this gamble that is so one sided.  Remember that contractors have to report to their shareholders and are under the gun to deliver profitable and solid earnings.

 "Collaborative projects" as Gabriel stated is the new norm imo.   Bodes well for us all.   

We will ALL prosper in this space imo.  Our best years in this space are only starting. 

Ron

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