Decmil wins a (up to) $40m project on Roy Hill. This is their first project win in a while. Good win but my concern is that this is the first announcement in quite a while. Their announcement once again refers to "up to" value so what is is actual contact value?
At $40m with likely significantly diminished margins due to current market pressures this does not address there turnover requirements for FY 2014/15.
From media statements I can't identify any significant turnover for the next FY.
You would think that to achieve similar Turn Over values as previous years they should have at least 75% of forward works secured by this month (March). Without adequate work secured prior to June 15 they will fall well short of their target.
More Decmil Ark Drama, page-16
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