It has been usually seen in many industries that the big fish eat away the businesses of small fishes that try to enlarge their business. As far as the mighty companies are comfortable with the existence of the small companies around them, they will not hurt them but the moment they see the smaller companies trying to take some giant steps, this is when they get into action and try every possible thing to ruin their future prospects. Well, this is definitely not ethical but the irony is that it happens in every possible industry.
However, the big companies should remember that if they try to hurt the prospects of the smaller companies in an unethical manner, this can have repercussion on their business as well. The construction industry saw a lot of such happenings a couple of decades ago. However, it seems that now things are pretty stable when it comes to snatching away businesses of others. The small companies do not try to get in the way of the mighty ones and the big companies also seek the co-operation of the smaller guys in a big construction project.
The big companies have by now understood that it is not monetarily feasible for them to acquire heavy equipment as per the requirement of the project. Every other project may require a different kind of heavy equipment. This means that they can’t go on a shopping spree whenever they get a big project to work on. What they do is they include the co-operation of small companies who with the help of their limited arsenal of heavy equipment get into the work and as the project advances and it requires machines that are not usually possessed by small companies, the big companies then take the charge.
It is then that the big companies who have taken the project steps in towards the completion of work. This in many ways has been observed as a very healthy practice by many industry experts who believe that inclusion of small players not only gives the exposure in how to manage big projects but also prepares them to take bigger challenges in life.
This has led to many small construction companies to take up individual projects and also assist the big companies in completing theirs. A price of the work is quoted in the beginning and then other companies place their bids. The most affordable bid is taken into consideration for picking the most deserving company. Here the big companies should make sure that they pay the contractors for their services in full or else the contractors have complete authority to place lien on the project. This means that the construction company that has taken the work will no longer be able to deliver the work lien free and the end user will not be able to buy them keeping it as a mortgage.
The construction company will not want to get into such legal tussles and should settle any monetary issue calmly.
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