Re:Why are there no startups in the real estate construction...
by scrubs on Friday July 07, 2023 @09:01PM
(#36640260)
Surely that's only half the story. A competent customer has got to know low balling now just defers "unforeseen" costs later. If I've done 100 projects surely it's occurred to somebody to look at bid v. actual to gauge discrepancy?
The buyer has an advantage in that they can negotiate the vendor down through competitive bidding techniques, and by doing so transfer the fault for insufficient delivery entirely on to the bidder instead sharing the fault themselves. If I work two contractors against one another to drive one into the position where they are now no longer safely comfortable they can deliver the product they promise for the agreed upon price, (however I am now safely in my own comfort zone knowing that I've got the lowest possible price extracted from them), well if they fail to deliver what is requested it's now their fault for promising they can do it, not mine for pressuring them into a risky position.