Understanding Construction Costs and the Pitfalls of Low Tendering (EP 194)

In this episode, Paul is joined by Parm Bhangal, QS, an Entrepreneur, Construction Expert, Business Coach, Keynote Speaker, and founder of Bhangals Construction Consultants, to discuss the challenges of low tendering in construction.Pitfalls of Low Tenders: Parm explains why low tenders can be problematic, leading to inaccurate pricing, compromised quality, and hidden costs.Real-Life Example: Parm shares a story about a client who chose the lowest tender and the lessons learned from that experience.Lessons from Hospitality: Parm discusses what he’s learned from running a hospitality business and how those insights apply to cost management in construction.Challenging the Lowest Tender Mindset: Parm offers advice on how clients can move away from choosing the lowest tender and focus on selecting the right contractor.Tune in to learn how to manage construction costs effectively and avoid the pitfalls of low tendering.Your free OTB downloadIf you’re interested in the Contract Audit document Paul mentioned, message him on LinkedIn or at [email protected]. Send us Fan MailWant to connect with Paul?Paul is on Linkedin here and would love to talk. You can also connect with Paul at [email protected] or through, C-Link. C-Link is software built by Quantity Surveyors for Quantity Surveyors. We save 600 hours of Quantity Surveying time per project in automation. We can make your QS’ so much more efficient.Watch the Video to learn more; you can book a demo by clicking here.