What is one downside of not considering contractor experience in bidding?

Not considering contractor experience during the bidding process can indeed lead to potential inaccuracies in risk assessments and cost estimates. When contractors lack relevant experience, they may not have a full understanding of the complexities or risks associated with a particular project. This can result in underestimating costs, as inexperienced contractors might overlook critical factors that can impact labor, materials, and timelines. Consequently, without the insight and expertise that seasoned contractors bring, their bids may not reflect the true costs of project execution, leading to budget overruns and possibly impacting the overall success of the project.

In addition to this, the lack of experience can affect a contractor's decision-making capabilities and their approach to tackling unforeseen challenges during construction, further complicating risk assessments. Hence, selecting a contractor with proven experience can significantly contribute to more accurate cost estimates and effective risk management.