Over the weekend, I heard a story from a builder. He has two multi-unit residential projects going up in the same town, which were both penalized by the local building inspector taking a progressive interpretation of the building regulations.
He has a different architect for each project, from different out-of-towns. He called each architect to ask for help with the problem.
The first one said, “Let’s go see the building inspector and find out how we can fix this.”
The second one said, “Let me work up a price for what this is going to cost you.”
The builder raised his eyebrow and asked me, “Who do you think is getting the next project?”
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Price vs. cost - Price is a simple number. How much money do I need to hand you to get this thing? Cost is more relevant, more real and more complicated. Cost is what I had...