With recent project execution issues and results surprises among publicly traded engineering and construction firms, some question traditional industry business models.
A judge has cleared the way for PCL to collect a long-disputed builders risk claim from a Canadian insurer related to damage on a bridge construction project in Victoria, British Columbia, that occurred four years ago.
Even as Canada’s government boosted national infrastructure spending by 11% from 2015 to 2017 and launched the Canada Infrastructure Bank to attract and funnel private-sector project dollars, private investment declined 18% in the same period, says a report by a think tank at Ontario’s Western University.