Fluor - Articles - Page 7 | Engineering News-Record

Risk Management

SEC Starts Investigation of Fluor's Fixed-Price Work

Richard Korman

Debra K. Rubin

February 19, 2020

No Comments

Executive Chairman Alan Boeckmann told investors Feb. 18 the firm is reviewing project charges and also will not sell its government unit.

Fixing Construction's Fixed-Price Conundrum

November 20, 2019

As risks rise higher on fixed-price P3 and other projects for builders, financiers and owners, participants refine—and rethink—their delivery strategies.

Giant Mozambique LNG Project Goes to JGC-Fluor-Technip Team

Mary B. Powers

October 9, 2019

No Comments

Risk issues will be core on estimated $30-billion project, set for final investment decision in 2020.

Fluor Will Sell Equipment, Government Units to Raise Cash

Debra K. Rubin

September 25, 2019

No Comments

Airing results of in-depth corporate scrub, contractor execs add some detail on cost cuts and tougher bid scrutiny to restore profits in long term.

$23B Of Hanford Nuke Waste Site Contracts Delayed

Debra K. Rubin

August 21, 2019

No Comments

Bidder Jacobs seeks to add capabilities with $300M intended purchase of Wood Group nuclear services unit

After Bottom-Line Hits, More Firms Exit Fixed-Price Work

Mary B. Powers

Debra K. Rubin

August 7, 2019

No Comments

Executives move to contain project losses, owners face cost-rise; job completion may become biggest risk, says infrastructure financier.

NuScale Brings on Legacy Firms for Small Nuclear Reactor

Pam Radtke Russell

June 5, 2019

No Comments

NuScale has brought on another legacy nuclear power firm to help it design and build its small modular nuclear reactor.

Fluor Continues Management Shakeout to Boost Results

Debra K. Rubin

May 30, 2019

One Comment

After Q1 numbers shock, analysts warm to C-suite shifts and "bid rigor" but are looking past the second quarter

Companies

As Fluor Numbers Tumble, New Leadership Faces Challenges

Debra K. Rubin

May 5, 2019

2 Comments

Project execution issues and missed earnings trigger chief David Seaton's surprise departure; top legal officer Carlos Hernandez is interim CEO.

Awards Shift for Giant Military Support Contracts

Debra K. Rubin

April 25, 2019

No Comments

New outcomes in 10-Year, $82B LOGCAPs for KBR, Fluor and Parsons; protests from losing incumbents Fluor and DynCorp, and new bidder Parsons, will delay awards.