Tendering can be one of those processes where we feel like we're going around in circles. Here's why it's often a vicious cycle.

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Timestamps:

(1:13) - What is the vicious cycle of tendering or how do you get yourself into a vicious cycle?

(2:32) - You were asked to be part of a bid or a tender

(4:14) - That's how mistakes happen, obviously, these guys made a mistake as well

(6:01) - You want to have a different acquisition channel other than bidding or tendering for work

(6:56) - The virtuous cycle is you win a project with a high margin

(8:18) - The biggest and best construction companies will win bids at a loss but they know that they can make it up in the post-award phase

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

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