SNC Lavalin

Winning Team Low Technical Score on $1B Ottawa Rail Is Under Fire

Scott Van Voorhis

March 18, 2020

One Comment

Work is proceeding with no city plans to rebid project.

SNC-Lavalin Shuffles C-Suite and Board in Corporate Reboot

Debra K. Rubin

Scott Van Voorhis

February 12, 2020

No Comments

Bechtel veteran Keith Sibley now is running contractor's revamped NYC ops; city transit veteran takes senior role at HNTB.

UK Prime Minister Clears HS2 Project To Start Construction

Despite cost overruns, high-speed London-to-Birmingham rail project gains approval

Peter Reina

February 11, 2020

No Comments

Total projected high-speed line budget now is at $114 billion, $33 billion above previous estimate.

SNC-Lavalin Settles Canada Bribe Charge on Past Libya Work With Fine, Probation

Debra K. Rubin

December 18, 2019

No Comments

Long-awaited plea deal lifts "overhang" contributing to design-builder's 2019 red ink; firm pays $213M but other charges dropped.

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.

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

Debra K. Rubin

Mary B. Powers

August 7, 2019

No Comments

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

UPDATE SNC-Lavalin Fixed-Price Exit Could Boost Rival

Debra K. Rubin

July 29, 2019

One Comment

With Q2 loss now $1.6B as of Aug. 1, Canada firm pulls out of four large shortlisted bids; CEO splits design, construction to new units, terms industry model "broken."