The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses
Levelset
MARCH 11, 2022
In addition, they make less per project and ultimately end up with too little profit, if any, to grow. Are architectural and design firms held to the low-bid method? But that is almost always a bad idea. The average pre-tax net profit for general contractors is between 1.4 Tension between project stakeholders.
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