00:01seeing the cost of diesel for the civil construction industry increasing significantly
00:07as we all have at the bowser but it's a little bit different our industry is the most intensive
00:12requirement for diesel and we can only source really our energy from diesel as a source so we
00:20have this challenge that we also have is our industry is the most we have the highest rate
00:25of insolvencies all industries in this country today so it's a perfect mix for a crisis and a
00:32challenge for us is to be able to get the fuel to sites keep these projects operating if we're
00:37talking about a billion dollar project there's about 50 million dollars worth of extra costs
00:41around the fuel in particular around that diesel and that's not in the contract that's not paid for
00:47in some of those contracts large-scale government contracts we have got rise and fall provisions we
00:52have learned from covid if there's one good thing that came out of that we realize we need to have
00:57flexibility around contracts and some state governments have those in place for those large
01:02projects it's the ones that are stuck in the middle of the government to contractor contracts that we
01:08have where there's not the details just not there in the contract we need to make sure there's cost
01:15recovery so those projects can continue and then we can ensure that that staff aren't laid down and
01:21that workers aren't going off those jobs we get them done and get them completed but we need a hand
01:26work place for them they need to answer back then we need to say with the cost of that diesel
01:28you
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