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Best Practice: Where Contractors Hide Profit (and Why It Shouldn’t Be a Secret)
Every procurement professional has seen it.A low bid that grows legs once construction begins.Margins shift, allowances shrink, and suddenly “cost exposure” becomes the excuse for overruns. It’s easy to blame greed. But in my experience, hidden profit is more about structure than deception. Problem & Context The construction industry still resists transparency. While owners demand…