Contractors are gamblers by nature. They risk their livelihood on a multitude of factors, many of them uncontrollable, such as the weather, commodity prices and the actions of others. Nowhere is this risk better demonstrated than during the competitive bidding process.
from EC Mag - Power and Integrated Building Systems Magazine http://www.ecmag.com/section/your-business/game-theory-and-construction-bidding-process
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