STATEMENT FROM THE CEO
How Drillcut answered the hardest year since COVID by doing the opposite of everyone else. “THERE IS NO STOP BUTTON ON CONSTRUCTION.”
Quote of the Month: “ TIM PHILLIPS | CEO WHEN THERE’S UNCERTAINTY IN THIS INDUSTRY, YOU DON’T PULL BACK. YOU CREATE CAPACITY.”
This year, a war broke out on the other side of the world. A few weeks later, it landed on an Australian building site. Not as a headline. As a letter. BY TIM PHILLIPS
• The developer can’t stop - they’ve bought the land, they need their return. The builder can’t stop. The subbie can’t stop. The bloke on the tools at 6 AM can’t stop. • When the price of everything goes up and the product gets harder to get… the job still has to get done.
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PVC UP 36%. ACROSS THE BOARD. EVERY TRADE, EVERY SUPPLIER, EVERY PROJECT ALREADY PRICED AND LOCKED IN.
Fuel went the same way. And when fuel moves, freight moves with it. Suddenly the cost of getting product to site was climbing as fast as the product itself. For a lot of businesses, that’s where the maths stops working. You tendered a job at a price. You shook hands on it. Then the ground moved underneath you - through no fault of your own. We felt for every customer caught in that. Because here’s the thing outsiders never understand about our industry: • There is no stop button.
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