Low Bids by Contractors
Wednesday, November 5th, 2008 at
7:22 pm
Be wary of low bids by contractors.
Get a number of bids. Compare and check why a low bid is so low.
If a low bid is accepted, be especially careful in your documentation, communication, contract conditions, and liabilities.
Be aware that by taking the lowest bid (especially if it is significantly lower than the others) you will be increasing the risk that the contractor won’t be able to deliver to the quality and schedule you require.
Related Posts
- Tight Schedules
- Unreasonable Project And Construction Schedules
- Risk Activities
- What Does the Client Really Want
- Watch External Dependencies
Tagged with: bid • contractor • Procurement • Risk
Filed under: Contractors • Procurement • Risk
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