WSI 0.00% 11.5¢ weststar industrial limited

Ann: Appendix 4C - quarterly, page-17

  1. 11,043 Posts.
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    Yes I did see a few Extensions to current contracts.
    I'm not saying they should Not divert from smaller contracts as a whole, believe me, they just need a couple of Big Fish contracts added on, that is all.

    As I said, I worked as Head of Minor Works for a Perth Construction Company a few years back, and the Bread and butter was this area I worked in, but we made the real Money on Variations, and if WSI are quoting say a $1.0 to $5.0 Million dollar jobs for No scope of variations, then to work on a ''fixed Price/tender'' without variations, then that also puts risk on finalizing the 'initial' Tender under the initial contract price.
    I cannot recall seeing any of the margins in any Announcements, that would be interesting, and something that should be shared with the market if not already done so, perhaps you could provide.
    I just don't feel the Margins are quite enough at this stage, WA is still in the midst of a coming out of it's hangover
 
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