Cost Structure Analysis

Cost of services $28.3M vs $26.7M budget (+$1.6M, +6%). Labor and maintenance are the main drivers. Equipment maintenance $2.8M includes the 3 STS crane overhauls.

The crane overhauls were budgeted for Q2. Pulling them forward to Q1 creates a timing variance that should reverse. @Carlos Medina can you confirm the remaining maintenance schedule?

Confirmed -- 2 of 3 cranes done, last one completes Mar 10. No additional major maintenance planned for Q2. We should see a favorable variance next quarter.