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Fluor决定不参加固定总价合同项目的投标

Fluor决定不参加固定总价合同项目的投标

Fluor能源和化工业务决定:以后只投标可补偿或开口的设计、采购、施工EPC项目。Fluro认为,项目的竞标是“风险分担不公的交易”。

Fluor公司报告称,2019年净亏为17亿美元,其中包括减损5.33亿美元。收入从152亿美元降至143亿美元。由于新冠肺炎对大宗商品价格的影响,Fluor暂停发布今年的工作指引。

Fluor公司于2019年9月启动内部审计。为了改善现金流并降低风险,出售了部分业务,并停止股票派息。今年将扩大内部审计范围。

Fluor to leave lump-sum work

Fluor has reported a restating of previous results and a decision not to participate in competitively bid lump-sum projects.

The company launched a review in September 2019 in a bid to improve cash generation and cut risk. This led it to sell off some parts of its business and suspend its dividend. It launched a broader review this year.

Fluor’s energy and chemicals business will now only carry out reimbursable or open-book lump-sum conversion engineering, procurement and construction (EPC) work.

Competitive bidding for projects creates a “transactional market where the allocation of risk is not appropriately distributed”, Fluor said.

The company also reported a net loss from continuing operations in 2019 of $1.7 billion. This included impairments of around $533 million. Revenue reached $14.3bn, down from $15.2bn. The contractor has suspended all guidance for the year as a result of COVID-19 and the impact on commodity prices.

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