Following a V-shaped recovery in the third quarter of 2020, economic growth has slowed. Amid pandemic's third wave, vaccines bring hope for the second half of 2021.
Engineering and architecture supported 4.5 million direct and indirect jobs and $311 billion in total company and supply chain wages, says American Council of Engineering Cos. in what it terms a first-of-its kind economic analysis.
French contractor Vinci Group reports 14% drop in domestic construction revenue last year, while Sweden-based Skanska AB says cost control drove margins up 2.5%
Ontario 250MW facility, Canada's largest, could get federal infrastructure bank investment, while U.K. regulators approved record-size lithium-ion storage project in November.
In Jan. 28 briefing, David Constable said the firm will stay an EPC contractor with focus on cost-plus work and expanded front-end services; analyst boosts its stock rating to "Buy" from "Hold."
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