E&C contractors face tight margins, more risk

Engineering and construction companies are facing tighter margins, riskier contracts, and intense competition as the industry's client base further consolidates.The shrinking client base is reflected in the reduced number of operating companies listed in this year's Worldwide Construction Update (Oil & Gas Journal's exclusive construction survey is available at www.ogjonline.com).An outlook for tougher E&C market conditions emerged at the recent 6th Annual Rice Global Forum for Engineering and Construction held in Houston at Rice University on Sept. 8.Sponsored by the George R. Brown School of Engineering, Fluor Corp., Jacobs Engineering Group Inc., JGC Corp., KBR, Snamprogett...

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