A LESSON IN SUBECONOMICS

摘要

The Chartered Institute of Building recently released the results of a survey of its members, which found that 82% of respondents believed that so-called "suicide bidding" existed in the industry. The pressures of recession, according to consensus, have meant that contractors are bidding not only on lower and lower margins, but are also increasingly submitting unrealistic bids. This practice is nothing new. I first began this column in April 1980, 31 years ago, and have been involved with the construction industry since 1967. Throughout that time, contractors have regularly tempted clients