Brush with Business Doom: How 2 Firms Came Back from the Brink of Disaster
Posted on 2014-11-19·By D. Craig MacCormack
Assumptions and estimations. Another common pitfall happens during the estimating and bidding of the project, says Dempsey. “Many integrators are bidding at tight margins, and not using previous data to better understand their true margins,” he says. “For a small project, all it takes is a few express overnight shipments of parts, or some overtime labor to blow the budget.”
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