07/14/2026
The other guy was a lot cheaperâŚâ
Iâve heard it more times than I can count.
Iâll be looking at a dock or deck that needs major repairs, and the homeowner says, âWe had it built a few years ago. It was a lot cheaper back then.â
My first question is usually, âHave you called the company that built it?â
The answer is surprisingly oftenâŚ
âTheyâre not in business anymore.â
Exactly.
The lowest price isnât always the lowest cost.
Running a legitimate construction company takes far more than a truck and a toolbox. It takes liability insurance, workersâ compensation, licensing, payroll, taxes, quality equipment, office staff, continuing education, permits, warranties, fuel, maintenance, safety training, and the ability to stand behind every project long after the final invoice is paid.
Those things arenât âextra.â Theyâre what allow a company to answer the phone years later when you need them.
The reality is that many construction businesses never make it very far. Industry statistics consistently show that roughly one in five businesses fail within their first year, and about half donât make it to five years. Construction is one of the toughest industries to survive because margins are often thin and the costs of doing business continue to rise.
So when you compare estimates, donât just compare the bottom line.
Ask yourself:
* Will this company still be here in five or ten years?
* Are they properly licensed and insured?
* Do they have the experience to build it correctly the first time?
* Will they actually honor their warranty?
* Will they answer the phone if something needs attention?
We all love saving money. I do too.
But when it comes to your waterfront investment, deck, or home, youâre not just buying materials and laborâyouâre investing in the company behind the work.
A quality project built by a stable company may cost more today, but it often costs far less over the life of the project.
Because the cheapest contractor is rarely the least expensive choice in the long run.