Day: October 19, 2020

Industry Updates

Nobody Wins When Construction Projects Are Underbid

iStock/Tero Vesalainen The lower a contractor’s bid, the better its chance of securing work, especially in a sluggish economy. Everyone likes a bargain, and awarding agencies are no exception. But when a contractor underbids a project’s actual costs, everyone stands to get burned. In the case of government-funded projects, however, it may even be obligated […]

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