Exhibit 23.2

                      CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8 (No. 33-46155) of Gulf Island Fabrication, Inc. of our
report dated January 23, 1997, except for the third paragraph of Note 1 which is
as of February 13, 1997, the second paragraph of Note 4 which is as of February
14, 1997 and the third paragraph of Note 4 which is as of October 28, 1997,
appearing in Exhibit 23.3 in this Annual Report on Form 10-K.


PricewaterhouseCoopers LLP
New Orleans, Louisiana
March 22, 1999