Suicide bidding
‘A report exploring procurement in the construction industry’, published by The Chartered Institute of Building (CIOB) in 2010 states: ‘The practice of bidding unusually lower than competitors in order to obtain work is referred to in the industry as ‘suicide bidding’. Companies do this simply to ensure they have work for their skilled staff to undertake, even if it means only breaking even on a project or, in some cases, making a loss.’
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