Cost monitoring and quotation finding
As witnessed by todays announcement that Ryanair pilots agreed to 20% pay reduction, in order to retain their jobs, the economics of SUPPLY & DEMAND has been turned on its head, mainly out of absolute necessity given the current situation with C0VID-19.
As the construction industry enters into first gear and tenders for work, the issue of supply and demand is very fluid.
Clients and contractors each should actively and rigorously seek and have returned more than one quotation for any proposed tendering situation.
Value for money is always the watch word and to limit inflation in tenders or conversely, input build costs, careful monitoring of quotations should be uppermost in tendering activities going forward.
Click on image above for our online quotation seeking tool, QUANTUM.