In construction, what is a potential consequence of ignoring the importance of experience in selecting contractors?

Selecting contractors based on their experience is crucial because experienced contractors typically possess a deeper understanding of the nuances involved in construction projects. Ignoring this factor can lead to increased risk of project cost overruns. Experienced contractors are more adept at anticipating challenges, managing resources efficiently, and adhering to timelines. They have likely encountered similar situations in previous projects, enabling them to devise effective solutions and implement best practices.

In contrast, a less experienced contractor may struggle with project management, which can lead to delays, unexpected costs, and inefficiencies. This mismanagement can snowball over the course of the project, ultimately inflating the overall expenditure and pushing the project beyond its budget constraints. Therefore, choosing a contractor without considering their experience can significantly raise the chances of cost overruns, impacting both the project's financial health and its timely completion.