It's the ultimate if. It's the big question. There's been a view that government doesn't do a very good job on this, and I think we could all point to projects on which they haven't done well. What we don't know is how we do not just on the sort of high-profile projects that have had huge failures but over the whole portfolio of infrastructure. Off the top of our heads, we could all pick the projects that have had terrible cost overruns, but how do they do on the whole portfolio, and could government actually manage that better if they became more skilled contract managers themselves, and I guess, could the federal government play a role in doing that? The cost of transferring risk is very high. It's not that there's no value; it's just that it's really expensive to do that. Could we come up in-house with ways of managing those risks better to try to save some of that additional cost?
On May 28th, 2015. See this statement in context.