Sub-Economic Tendering
Sub-Economic Tendering Is Simply Unsustainable...
In today's hard-pressed, cut-throat and highly volatile construction market, many contractors are playing Russian Roulette by submitting bids below the value that they will actually cost.
The English language doesn't have a word for this practice. It does have a fairly unique word for estimating something's value at zero or nothing.
Floccinaucinihilipilification.
Ironically its the longest word in the English dictionary!
