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Low tender trap

Language: English Series: Building ; 257(7729) 24 January 1992, 10(1)Publication details: 1992Subject(s): Summary: Construction leaders are warning that once the economy recovers, the number of contractors going into receivership could soar and that firms submitting low tenders for large fixed-price contracts are particularly vulnerable.

Construction leaders are warning that once the economy recovers, the number of contractors going into receivership could soar and that firms submitting low tenders for large fixed-price contracts are particularly vulnerable.