Related Links: Ill Winds Blow Through Huge U.K. Wind Farm Project Proposals for Massive Irish Wind Farms Rankle Some A U.K. arbitration panel surprised Fluor Corp. and its investors last month with a ruling against the contractor's $480-million claim for additional compensation from owners of the Greater Gabbard wind farm off the coast of England. As a result, Fluor said on Nov. 17 it will take a $400-million charge in the fourth quarter but says the action will not materially affect cash flow."Fluor delivered a quality project, and we are extremely disappointed with this unexpected decision," said company Chairman and
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.