RE:Average earnings estimate now at .07It really boils down to:
A. Hours Billed and Direct Labor Markup on projects, which in my opinion has improved for the following reasons:
1. Staff under pressure to perform to avoid being targeted in lay-offs;
2. Staff more efficient working from home (no commuting time, less social talk, restaurants, travel);
3. Clients slightly more indulgent due to COVID;
4. Substantially reduced travel expenses, conference costs, representation,..
5. Reduced 10%-20% pay;
6. Reduced office expenses.
B. How much money needs to be returned as part of the performance-based 250m received as part of the 10% stake in the 407 that was sold last year.
C. How the LSTK contracts fared.