The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses
Levelset
MARCH 11, 2022
It’s time to re-educate the construction industry and reframe the “low bid wins” philosophy. Low Bidding Impacts Contractor Cash Flow. If you compete from the low bid mindset, whether imposed or because you think it will win you more business, you take on an unnecessarily large amount of risk. You set a price.
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