鈥淲e will have to get a cover price on this one,鈥 said the chief estimator. I was then a mere baby to this building lark.
鈥淲hat鈥檚 a cover price,鈥 I whispered. 鈥淚t鈥檚 what we do when we are up to our whatnots in work but don鈥檛 want to appear disinterested.鈥
Let me tell you all I know about cover pricing. First, it was ever so rare. Second, I never heard of money changing hands.
We fought tooth and nail to get on tender lists, so it鈥檚 balderdash to imagine we didn鈥檛 want the next job. So why cover? Because we were so busy, we didn鈥檛 have time to bid properly.
So, was the client cheated?
Not a jot. He鈥檇 still get seven bids 鈥 it would be a massive coincidence if seven of the eight were too busy to bid.
What鈥檚 the alternative? Instead of seeking a cover a busy builder will bid, but price himself out.
But tell me builders are in on a conspiracy and I鈥檒l give you a rude rebuff. That鈥檚 baloney! If I am wrong, tell me which prison these folk go to and I will eat my safety helmet in front of the bars. Meanwhile, baloney!
Postscript
Tony Bingham is a barrister. For more on the OFT inquiry go to www.building.co.uk/oftinvestigation
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