It's about a year now since we were awarded the Ivory Coast Addendum project with no start date in sight, despite us being repeatedly told it's imminent. I'm concerned that, with inflationary pressures, our original agreed price may no longer be appropriate and needs to be reviewed considering the customer's continued failure to commit to a start date. As it's a low margin project I can see us losing money on this one if the delay drags on much longer without extra financial compensation. After all we're looking at more than half our projected revenue for the coming 12 months.
Any thoughts on this? I think at the very least the question should be raised at the next quarterly webinar, if not sooner.
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