Transparency Has Risks
If you believe in transparency with your clients, this note is an example of what can go wrong.
If you believe in transparency with your clients, this note is an example of what can go wrong.
This note is a painfully perfect example of why you shouldn’t provide details on your pricing.
What do you do when your partner is listening to someone who knows nothing about construction, but still thinks they knows what’s best?
Is transparency the way to go when selling? Be careful who you listen to.
An architect he knew asked him to meet with the owners of a proposed new home. As they were discussing the project, the architect asked our friend, in front of the clients, “What’s your overhead and profit percentage?”
What if you agreed on a price, now customer wants all receipts for material? Without a clearly written fixed price contract, it's a problem waiting to happen.
Transparency, as I understand it, is opening your books to your potential clients and showing them all the numbers pertaining to a job you are quoting.
Someone once said, “No man’s business is safe while the legislature is in session.” Here is another example.
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