Understanding the Difference Between Lowest Price and Best Price

In purchasing services, particularly in contracting, it's crucial to understand that the "lowest price" rarely equates to the "best price." Smart purchasing involves looking beyond the initial price tag to find the most value for your investment. Here's why:

The Hidden Costs of Low Prices

When considering a service provider, it's essential to recognize that the low price often seen on paper can lure customers into a false sense of opportunity. However, this attractive figure may not be accompanied or backed by an excellent safety record, investment in training and certification, or experienced project managers and mechanics.

In many cases, choosing the lowest-priced option can lead to unforeseen issues. A contractor with a substandard safety record may put your project at risk. Inexperienced personnel may struggle when real expertise is needed, potentially leading to costly mistakes. Moreover, some contractors might seek out change orders throughout the project, resulting in an adverse relationship between the contractor and owner.

The result? The initial low price can quickly escalate, becoming as high as, or even higher than, what would have been the right and best price from the start. Between staying on top of the lowest-priced contractor to ensure work is performed safely and professionally, and dealing with numerous change orders, the apparent savings can quickly evaporate.

The Value of Investing in Excellence

Choosing a reputable, albeit potentially pricier, contractor can offer significant benefits. Investing in an excellent contractor buys you a partner looking out for your best interest throughout the project. These contractors use their innovation and experience to save you money in the long run. They keep change orders to a minimum and maintain a safe project environment.

High-quality contractors like R. Baker & Son focus on safety and quality. They make significant investments in their company to provide you with the best price - not necessarily the lowest upfront cost, but the one that provides the most value over the entire project lifecycle.

The Bottom Line

Investing in an excellent contractor is beneficial for all parties involved. It's good for the customer, who receives high-quality, safe, and efficient service. It's good for the contractor, allowing them to maintain high standards and invest in their workforce. And it's good for the industry, promoting best practices and raising overall standards.

R. Baker & Son stands out as a SAFETY-FOCUSED, quality contractor. They make the best investment in their company to provide you with the best price. Remember, when it comes to contracting services, the best price is not always the lowest upfront cost, but the one that provides the most value and peace of mind throughout your project.

About R. Baker & Son All Industrial Services

R. Baker & Son All Industrial Services, a Minority and Women-Owned Business Enterprise (M/WBE), in business since 1935, is a premier specialized contractor operating in the United States, Canada, and Puerto Rico, with over one hundred employees and an exemplary safety record (we have been directly involved in six sites that received VPP OSHA Safety Awards). R. Baker & Son is financially strong, with bonding capabilities of over $20 million. Capabilities include industrial and commercial demolition, rigging, machinery- and plant-moving, dismantling, decommissioning, plant and equipment relocation, interior demolition, selective demolition, warehousing, wrecking and razing, millwright, plant reconfigurations, heavy rigging, salvage, environmental services, remediation, decontamination, abatement, and investment and asset recovery.

R. Baker & Son - All Industrial Services
190 Boundary Road
Marlboro, NJ 07746
732-222-3553

https://www.rbaker.com/investment.php