> The firm earned a reputation for low-balling bids to win contracts and then going massively over budget, an allegation that Ron Tutor, the firm’s owner, denie

> The firm earned a reputation for low-balling bids to win contracts and then going massively over budget, an allegation that Ron Tutor, the firm’s owner, denies. > Since 2000, his firm has cost Bay Area governments $765 million more than expected on 11 major projects. Our contract bidding process is a farce. If your costs go over budget, you should eat the costs. This will inflate bid prices, but avoids perverse incentives. The contract payout should decrease by $x million per week beyond the completion deadline. Doesn't Spain already do this?