Fluor enters bids for Iraq reconstruction work. (Up Front).After weeks of uncertainty, Fluor Corp. is readying to bid on two contracts for rebuilding Iraq's oil industry. The Army Corps of Engineers last week issued formal invitations for bids on the work, with responses due by Aug. 14. The two contracts--one for work in northern Iraq and another for work in the south--could be worth $500,000 to $500 million each, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Army Corps. They're set to replace an initial contract awarded to Halliburton Co.'s Kellogg Brown & Root International Inc. "We would expect this to be a stiff competition," Fluor spokesman Jerry Holloway said. Whether the politically sensitive contracts would go to bid at all was put in doubt last month when the Army Corps indicated Halliburton's contract--awarded without bidding-- might last longer than expected because of widespread looting and sabotage sabotage [Fr., sabot=wooden shoe; hence, to work clumsily], form of direct action by workers against employers through obstruction of work and/or lowering of plant efficiency. Methods range from peaceful slowing of production to destruction of property. of Iraqi oilfields. Officials also expressed doubt about whether a final contract could be in place by August. The bidding is important for Fluor, which lost out in April on a $680 million master contract to rebuild Iraq's roads, sewers and other basics to archrival arch·ri·val n. A principal rival. Bechtel Group Inc. of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Last month, Fluor Chief Executive Alan Boeckmann said the company is going after the oil work as part of a strategy of landing more rebuilding work in Iraq in the next decade. "Our interest in Iraq is long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. ," he told Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. News. Work for the Army Corps isn't as profitable as other projects that could play out in Iraq in the next five to 10 years, he said. Fluor beefed up its lobbying effort in May by naming David Marventano, former staff director of the House's Energy & Commerce committee, as senior vice president of government affairs in its Washington, D.C., office. Fluor also has a key contact in Philip Carroll Car·roll , James 1854-1907. British-born American physician noted for his research on yellow fever. In 1900 he deliberately infected himself with the disease for experimental purposes. , head of the government's advisory committee for Iraq's oil industry. Carroll was Fluor's chief executive from 1998 to early 2002 and predecessor to Boeckmann. "It's important that people know who you are and what your capabilities are," Holloway said. "That's one of the things the lobbyist does is make sure people know your capabilities." |
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