The Safety of Work cover image

Ep.6 What is the cost of accepting the cheapest tender?

The Safety of Work

00:00

Understanding the Cost of Competitive Tendering in Contracting

This chapter examines the impact of contracting organizations accepting low bids, highlighting the balance between fixed costs and project flow. It distinguishes between sub-economic bids and marginal cost pricing, underscoring the need to understand these practices to address safety concerns effectively.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app