Yeah, that line came across as a little out of touch. I work for US DOTs, and a yearly allotment from a STIP of a small DOT is still measured in billions. Software spend is negligible. In fact, I would say software was always costly in terms of labor, but hasn’t been capital intensive until recently.

But I would like to agree with what you said with respect to SaaS spending coming under scrutiny. Our technical experts are becoming aware that we spend 5 or 6-figure sums on software with barely any users that we can clone with a coding agent in an afternoon. Eventually management will find out too and we’re going to cut a lot of dead weight.