In the story "As Fluor Turns 100, CEO Seaton Notes Successes, Challenges," the Q&A with Fluor Corp. Chairman and CEO David Seaton requires the following clarifications.A reference to "greenhouse gas" should have instead read "greenhouse-gas regulation."The sentence "The [Obama] administration said it wants to drive gas prices up to push renewables" refers to a 2008 statement by Energy Secretary Steven Chu.The sentence "Fluor has perfected the public-private approach [to infrastructure finance]" should have stated "sort of perfected."A quotation used should have been stated as "You don't earn a penny unless you sell something."
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.