I suspect they have bought this work at the 7% margin on the...

I suspect they have bought this work at the 7% margin on the hope they perform well, which they normally do, and snag the remainder of the work on the project.  They have, I suspect, however locked in the price with this logic as if they try to increase their rate when the next package comes up on the project they will be out on their ear.   The lunacy of it - they are really dumping capacity on the market.  Aren't logical large scale professional services pitched at the top end of the market with a value offering and uniqueness, not dumping low priced services on the bottom end of the market like Veris.  Think the accountants, lawyers, architects, engineers - the national and international firms aren't the ones with the cheapest price - to me the brands of the large professionals all are top dollar.  Why are Veris acting like this and cutting their own throats.  They are working off this margin before the downturn hits????