Posted on June 13, 2018

If you think hiring a professional is expensive - wait until you hire an amateur!

It's completely understandable; budget pressures often mean cost plays a major part in the process of choosing a supplier, especially when time is tight. But more often than not, using a supplier whose cost appears too good to be true can ultimately prove a false economy, causing more than a few headaches down the line... or much, much worse. Indeed, the Construction Leadership Council's Ann Bentley only recently called out the urgency for a perception shift for the word 'value' in the construction industry; away from meaning simply 'the lowest price' and more towards 'tender price plus performance'. 

In this post, we look at five ways that a low-cost, low-quality supplier can actually cost you in the long run, with the aim of ensuring you select suppliers who get you the A* results you expect. Every time.

 

GOOD, FAST, CHEAP - CHOOSE TWO

This is the truest statement we’ve heard in business - it applies to just about anything. Trying to be all of the above is the surest way to financial ruin. You might manage all three - for a while. Your clients will love you - after all, you’re good, fast and cheap. However, you’ll soon be overrun - meaning that the ‘good’ level can drop for your customers - and you might come to realise that margin is vastly more important than volume!

Fork design.

 

If you think hiring a professional is expensive - wait until you hire an amateur!

It's completely understandable; budget pressures often mean cost plays a major part in the process of choosing a supplier, especially when time is tight. But more often than not, using a supplier whose cost appears too good to be true can ultimately prove a false economy, causing more than a few headaches down the line... or much, much worse. Indeed, the Construction Leadership Council's Ann Bentley only recently called out the urgency for a perception shift for the word 'value' in the construction industry; away from meaning simply 'the lowest price' and more towards 'tender price plus performance'. 

In this post, we look at five ways that a low-cost, low-quality supplier can actually cost you in the long run, with the aim of ensuring you select suppliers who get you the A* results you expect. Every time.

 

GOOD, FAST, CHEAP - CHOOSE TWO

This is the truest statement we’ve heard in business - it applies to just about anything. Trying to be all of the above is the surest way to financial ruin. You might manage all three - for a while. Your clients will love you - after all, you’re good, fast and cheap. However, you’ll soon be overrun - meaning that the ‘good’ level can drop for your customers - and you might come to realise that margin is vastly more important than volume!

Forth Rail Bridge.

 

 

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