Contract ops sector collapses
- From: Vol 5, Issue 1 (January 2004)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: American Water Services, American Water Works, Aquarion, CH2M Hill, Earth Tech, Kelda, OMI, RWE/Thames (Water), Severn Trent Water, Southwest Water Company, Southwestern Water Company, Thames Water, United Water, US Filter and Veolia
The US contract operations market was down by nearly three quarters last year. But, as Larry Chertoff reports, not everyone was unhappy.
The contract operations industry struggled through a difficult year. By our measure, the number of deals dropped by 20% while the value of contracts declined by almost 73%. The dramatic loss of business and the shift to smaller projects marks an inflection point not seen since the 1997 IRS ruling allowing long-term contracts.
Reports from the major water/wastewater contract ...
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