Mr. Paul Sheridan:

I will take that question from a technical perspective. The idea of an inflationary mechanism is to protect both the client and the contractor because it makes sure that the client is only paying for actual costs through a transparent, simple formula. That is what it does and it is very different from other events that might happen on a site. There might, for example, be something wrong with the design or the ground when the contractor finally gets on site and that generates different issues. On inflation, a simple clause is used to protect the client and deliver the project. If there is deflation, the client can benefit from that too. That is what inflationary mechanisms are designed to do. They provide a way of sitting down, discussing and agreeing something.