00:01An apology for a failed policy
00:04For not acting sooner, I apologise
00:06That came with a hefty price tag
00:09I'm taking responsibility, I'm saying I should have acted sooner
00:13I could not agree with him more, he should have acted earlier
00:16He has a lot more than an apology to issue today
00:19The opposition leader fronting up after a scathing interim report from the CFMEU inquiry
00:25It found Labour's Best Industry Practice Conditions or BPIC
00:30Which sets pay and condition deals for workers on government projects
00:34Blew out the cost of major bills by 20%
00:37On just three projects, that ballooned the bill by at least $671 million
00:44That is disgraceful
00:46Some extraordinary findings but no surprises for us
00:49Industry leaders say they warned the previous government about its impact long ago
00:54We were using figures saying that basically for every two hospitals
00:58You could have got a third one built for free
01:00And that was the impact it was having on the state
01:02The commissioner overseeing the CFMEU inquiry
01:05Made two urgent recommendations
01:07That the government introduce a new building code
01:11And a watchdog to enforce it
01:13There is no point having a code without a strong regulation
01:16We're considering the building code at the moment
01:18Today is a line in the sand for the construction industry
01:22This damning report will heap further pressure on Stephen Miles' Labour leadership
01:27And comes amid a backdrop of plummeting popularity in polling
01:31And rising frustrations from his party's right faction
01:35The opposition leader today promised lessons have been learned
01:39BPICs will never again be a policy of the Queensland Labour Party that I lead
01:44We've got to learn from history
01:46And I think the message is never ever do we go back to that
01:50Laura Lavelle, ABC News, Brisbane
