Quote:
Originally Posted by hud 91gt
A family member owned an engineering firm which won a major contract for the Vancouver sky train. He quoted a contract at 1.4million (this was 20-30 years ago or so). A partner said it’s government, quote it at $5 million…. This is the shit that is insane. Saying that, that happens in every industry with lack of competition.
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looking at the other side of the coin as devil's advocate...
if it's a competitive bidding format, it is what it is and goes to the lowest bidder, regardless if the lowest bidder puts their price 5x.
also gov has a lot of red tape, policies, procedures to be followed, and has certain types of risk to be mitigated. is it 5x? - that is subjective.
in some cases if you see contractural terms & conditions of some public works, they want to mitigate risk so much the bidders just pad that in to their cost.