According to the company, this arbitration settles force majeure, schedule-related liquidated damages and other claims.
Final acceptance performance testing for closing out the contract still must be completed, Shaw said.
The receipts result from the return of liquidated damages previously collected or withheld by the customer, payment for force majeure costs and other damages and increased costs, as well as the return of a letter of credit drawn by the customer.
Shaw provides engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries.
