Is it time for a few of the lower end contractors to fold up shop? I think the resounding answer to the question is YES. I have heard horror stories from all over the country about how the low bidder is taking the job for less that the material and subcontract costs! Also there is the contractor that is 3 guys and a truck, bidding the waste water treatment plant and they think they are qualified and capable to do the work because they drove by a waste water treatment plant once.
Sometimes the best course of action is to fold up and not try to get a job at or below cost. When a project is awarded to the low bidder that is at or below cost the entire construction industry is hurt. Quality of work goes down because the contractor will try and do short cuts to make money. The responsible contractor is left out and is left looking for the next job.
