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Market Update : 
McDermott Q2 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 12:37 AM ET August 20 2008


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John Rogers - D.A. Davidson

But the delay in some of the work eliminates the probability of that?

Bruce W. Wilkinson

No, I would say, it would, depending on the circumstances of delay which is, if it''s really a percentage of completion, if it''s POC issue only then you still have the remaining part of the profit to recognize as well as any remaining upside of contingency if it''s there.

John Rogers - D.A. Davidson

Yes.

Bruce W. Wilkinson

It''s just, simply saying that, if we start the year and you think, you''ve got X number of projects closing out in the year, but you''ve got 20% of them move to next year then it affects all parts of the project.

John Rogers - D.A. Davidson

Okay, thank you.

Bruce W. Wilkinson

Sure.

Operator

And our next question will come from the line of Martin Malloy with Johnson Rice. Please proceed.

Martin Malloy - Johnson Rice & Company

Good morning.

Bruce W. Wilkinson

Good morning, Marty.

Michael S. Taff

Good morning, Marty.


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