The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses
Levelset
MARCH 11, 2022
Prioritizing a low bid over contractor performance is a lose-lose procurement strategy. It’s time to re-educate the construction industry and reframe the “low bid wins” philosophy. Who’s responsible for low-bid procurement? Owners or developers frequently push for the low-bid procurement method in construction.
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