TITLE

Shaw misjudges costs

AUTHOR(S)
Tan, Florence; Baker, John
PUB. DATE
April 2007
SOURCE
ICIS Chemical Business;4/16/2007, Vol. 2 Issue 62, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the cost estimates errors of engineering contractor Shaw Group in a U.S. Gulf coast petrochemicals project. The authors note that the delayed reporting of the contractor of its second-quarter result caused pending in the investigation into errors in the cost estimates. Shaw Group announced that costs could be $7 to 12 million higher than expected or $4 to 7 million after taxes, which could bring a loss on the project of about the same amount.
ACCESSION #
24857303

 

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