AECOM now expects substantial completion near the end of the second quarter of fiscal 2027, rather than in the first quarter. He said AECOM no longer pursues design-build work for public-private partnership clients in its Construction Management business because of the risks associated with that structure. Construction Management Projects Weigh on Cash FlowThe company said the charge affected net service revenue and EBITDA by $337 million and reduced earnings per share by $1.99. The second project remains on track for substantial completion in the first quarter of fiscal 2027, management said. Rudd said the overall cash impact in the first two quarters of fiscal 2027 is expected to be about $500 million.