Myth: Lowest project cost comes through a competitive bidding process with general contractors.

TRUTH: Mistakes in the bid process by the GC and/or the subcontractors bidding the project can ultimately create schedule delays and change orders that will catapult the final project cost to be much higher than budgeted. When you hard bid a project you get competitive numbers that can often times be missing cost due to missing information or from under qaulified subcontractors who might miss scope associated with their field of work. A qualified GC does not necessarily mean a qualified set of subcontractors dedicated to quality on your project.