What are your reflections on that? So, yeah,

that does happen quite a bit.

Let me just finish on the previous point, and then I'll come back to that.

Okay.

When the client view or the industry view is, builders build this all the time, they can tell you how much it costs.

It completely ignores the fact that a builder has got more of a vested interest to secure work than a consultant.

So the dynamic is consultants are just in it to make money.

still struggling

I just want to go to this whole point about the way in which the construction industry is just having to re-price itself right now and whether it really can... to many of the projects that are coming simply because whether there's money there for them or not?

Well, there's a couple of different parts to that, particularly when you start looking at it from a state-by-state basis.

But generally what we've seen pretty much since the pandemic is that costs have risen pretty much exponentially, well above long-term trends.

And we're beginning to see that settle a bit now.

So costs are still above average, but they are rising at, let's say, a less significant pace than what they have been.

What we're seeing in certain states, particularly if you look at New South Wales and Victoria, is that the pipeline of work down there is actually diminishing.

It's actually reducing from what it has been over the peaks of the last 10, 15 years.

Now, was that eased off and a fixed-priced contract now less of a thing in the industry than they were in the past?