Fluor Corp.’s built many complex structures but its first offshore wind farm project isn’t going well. Greater Gabbard project has faced weather and equipment problems. Related Links: Britain’s Huge Offshore Wind Farm Faces An Array of Challenges The Irving, Texas-based contractor will report quarterly earnings Nov. 4 and will take a $163-million write-off in its third-quarter earnings because of unexpected complications in building the 504-MW Greater Gabbard wind farm off the coast of England. The loss on the $1.8-billion, fixed-price contract with Scottish and Southern Energy plc means that the project will be unprofitable, says Avram Fisher, an analyst who
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.