The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses
Levelset
MARCH 11, 2022
And any savings on paper are usually lost mid-way through the project in change orders. It’s time to re-educate the construction industry and reframe the “low bid wins” philosophy. In addition, they make less per project and ultimately end up with too little profit, if any, to grow. Cash flow shortages impact performance.
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