The High Cost of Low Bids: When Contractors Compete on Price, Everyone Loses
Levelset
MARCH 11, 2022
But low bidding is a zero-sum game : When owners push bid prices down, cost savings often come at the expense of performance. Contractors fall victim to the low-bid mindset as well, believing that if they are always the lowest bid, they will win more jobs and therefore increase revenue. And guess what? Value is what you get.”
Let's personalize your content