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Pricing Mistakes

from Construction Programs & Results

Michael Stone writes: “Everyone, and I do mean everyone, who has ever compiled an estimate has made a math error that put knots in their stomach once it was realized. I've been down that path more than once. Until a contract has been signed, you aren't bound by a quote. Admit you made a mistake and revise the price. There's an excellent chance you'll lose the job, and that's why you don't want to make mistakes in the first place." more

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