3 ms·
In big projects, there are also incentives to underbid up-front. It’s common for project managers to low-ball to get their projected funded and then use the sun
by bumby 4y ago
In big projects, there are also incentives to underbid up-front. It’s common for project managers to low-ball to get their projected funded and then use the sunk-cost fallacy to get it funded to the appropriate level. This unfortunately leaves people who actively try to give accurate estimates with unfunded projects
- CrimpCity 4y agoYup! The change order strategy or nickel and dime strategy tho autocorrect suggested “buckle and dime” and that would also work. Unfortunately as much as engineers and owners reps complain about this way of doing business it’s quite accepted since people generally want to keep their reputations. No one wants to be known as “difficult to work with”. So only very excessive transgressions get punished.