The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses
Levelset
MARCH 11, 2022
“A low-bid strategy causes death by a thousand cuts to a project’s budget.”. Change orders inevitably increase costs , and schedule delays eat into the project’s budget. A low-bid strategy causes death by a thousand cuts to a project’s budget, and it’s totally avoidable if you adopt a more collaborative mindset.
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