Why Your "Lowest Bidder" Strategy is Bankrupting You

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2026-01-27 11:01:45 -

There is a disease in the real estate industry called "Bid Shopping." It is the obsession with finding the absolute lowest price for a construction project, regardless of the consequences. Owners pat themselves on the back for saving 5% on the contract price, only to lose 20% in delays, change orders, and lost rent. It is a short-sighted strategy that ignores the total cost of the project....

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