Asymmetric information in marketplaces can make markets less efficient due to the anticipated losses driven by lost labor time by multiple parties in the bidding process. This phenomenon may seem attractive to a prospective client at first sight, but over time, bidding agents are forced to compensate for the overhead labor cost in future projects. This lost labor expense is evident on the long-run for many clients operating in the developmental process of capital projects.
The traditional form of project execution is archaic, and in need of a reform. Clients can be better served when bidding agents are deemed as partners in the execution of their project. Reputation of all agents, including prospective clients can form a synergy and trusting relationship that will reduce long-run project cost. We at Roman Roads provide a bridge that offers client a different approach to project execution. We work with project clients as a project partners, we share information that enables our client to make informed decisions such that we can drive down overall project cost. Contact us today to learn more!
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