Bruce
I’ve been project managing for 26 yrs, and doing the odd development on the side, and your always learning, there is no knowing in property development there are only expectable margins that you are willing to live, or expectable margins when you take a hit, all are expectable, those that think they will never take a hit or a loss are simply delusional – normally an area received for bankers and lenders, that like our projects to fall within there air conditioned worlds. unfortunately i can not put a big tent over my building site and air condition, neither keep it dry, neither bleat to much when the blockie down the road nocks off a pallet of my blocks, or a subbie stuffs up because it is my responsibility to look after all that and if the bankers had their way you have to control the weather as well.