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Which are the risks taken by a construction contractor in submitting a tender for a new project, and explain.?

2007-12-26 04:08:42 · 1 answers · asked by jagadeeshkori 1 in Business & Finance ➔ Other - Business & Finance

1 answers

Risk 1. Getting paid
Risk 2. Underbidding, either by an error, or just leaving money on the table.
Very often the lowest bidder has made an error in materials or labor/or both..

2007-12-26 04:19:01 · answer #1 · answered by ed 7 · 0⤊ 0⤋

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