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11:34
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Doctorno, all good points except about the labor market. I know firsthand that the labor market in S/W La and S/E Tx is very tight. There is mucho mucho construction in this area.
Originally posted by doctornoh
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An EPC contractor wouldnt give long dated extensions under a fixed price contract given the risk of rising labour/materials costs etc. I think this goes to show more that there was a fair bit of fat baked into the original EPC contract sum and that there isnt other construction in the area eating up all the resources. This could be an issue for other projects if Maggy is the first to get the construction.
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