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Bullboard - Stock Discussion Forum 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... see more

TSX:ARE - Post Discussion

Aecon Group Inc > How the collaborative mode is saving a bundle to Aecon
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Post by Gabriel on Aug 31, 2024 8:39pm

How the collaborative mode is saving a bundle to Aecon

Aecon is part of the Connect 6ix consortium building the future Ontario Line subway in Toronto under a collaborative mode. 

 

The Connect 6ix contract for the Ontario Line is indeed being delivered under a collaborative contracting model. This approach is becoming more common in large-scale infrastructure projects because it promotes greater cooperation and alignment between the public sector and the private sector partners.
 
In a collaborative contracting model, the parties involved work closely together from the early stages of the project. This typically involves shared responsibilities, joint decision-making, and a focus on achieving mutual goals such as on-time delivery, cost management, and quality control. Collaborative contracts often include mechanisms like shared risk and reward structures, which help ensure that all parties are incentivized to work together efficiently and effectively.
 
For the Ontario Line, the collaborative approach is particularly important given the complexity and scale of the project. It allows for more flexibility in addressing challenges that arise during construction and helps manage the interface between different parts of the project, such as the integration of various civil works, systems, and operations.

The price tag to Metrolimx has now increased 43% now to 27.2 billions. NOT TO US ANYMORE ;)
https://www.blogto.com/city/2024/06/cost-torontos-ontario-line-ballooned-billions/
Comment by Gabriel on Aug 31, 2024 9:14pm
Sorry folks. ChatGPT first indicated that Aecon is part of the Connect 6ix consortium but I have not been able to support this. So I asked again and it recognized it made a mistake. Below for reference, https://www.dropbox.com/scl/fi/ro83s6p3lhaocgx0xfqbs/Screenshot-2024-08-31-at-21.12.09.jpeg?rlkey=6xki1fal8qrdidzjrt37ob7h8&dl=0 https://www.metrolinx.com/en/discover/preferred-teams ...more  
Comment by nedstar71 on Sep 01, 2024 2:20am
I wouldn't advise asking ChatGTP for too much analysis.  But if you need a cake recipe sure.
Comment by Dibah420 on Sep 01, 2024 1:59pm
Cake  recipes?  I am not so sure!
Comment by Gabriel on Sep 03, 2024 4:32pm
I am not sure I would trust it for a recipe either but I find it excellent to get a fast answer on many topics and then I obviously check it. It is a work-in-progress platform that will definitely be more useful and reliable as it matures.
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