https://www.cmmuk.com/2011/05/13/honest-tendering-derek-mynott/ The Construction Marketing Experts Fri, 17 Aug 2018 09:45:26 +0000 hourly 1 https://wordpress.org/?v=6.3.1 https://www.cmmuk.com/2011/05/13/honest-tendering-derek-mynott/#comment-16 Thu, 19 May 2011 23:16:28 +0000 http://www.cmmuk.com/?p=707#comment-16 John,
Derek’s depicting a very real scenario that is probably happening up and down the country. It shows a crazy waste of the huge potential of the UK construction industry – one that can invent a the tent that turns into concrete in less than 24 hours! How incredibly is this … http://bbc.in/kPR8Dz.
I’m interesting to know how we change this situation; with all the talk about sub-economic bidding and another contractor going into receivership today – this time on the olympics there has to be a better way. And we must have the capability to devise it!
I’m aware that clients want lowest cost, but the argument should be made by their advisers that lowest cost is not the same as getting what you want. And this reminds me of John Ruskin’s quote about paying too little, which is now almost 150 years:
“It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money — that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot — it can’t be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better”

]]> https://www.cmmuk.com/2011/05/13/honest-tendering-derek-mynott/#comment-15 Tue, 17 May 2011 08:43:54 +0000 http://www.cmmuk.com/?p=707#comment-15 […] It can be found at http://www.cmmuk.com/honest-tendering-derek-mynott […]

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