Related Links: Efforts To Restart Libyan Projects Land SNC-Lavalin in Controversy SNC-Lavalin says it is investigating $35 million in payments that were improperly made and recorded.The payments were made in the fourth quarter of 2011 and "were documented to construction projects to which they did not relate," the company said Feb. 28."The company is working with its external auditors and legal advisors to resolve all issues relating to the investigation," SNC-Lavalin said.The company also said that it has recorded greater-than-expected losses on its Libyan projects, which were stopped by the Libyan civil war, and that the firm's overall financial performance
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.