Big Myth: You Get What You Pay for

This myth does not apply to off-the-shelf generic parts. If standard parts arrive at the dock on time within date code and no catchy commitments, go for cheap when needed.

But custom-made subassemblies are a different legend. All qualified fabricators are given the same blueprints and schedule. After the rush dust has settled over a possible new contract, the bids start rolling in. And they are very wide ranging. People are phuni about muni. Price is like that when you put it in context of tooling and volume fabrication for discount breaks. Then you look at the quality and delivery issues. It all adds up to total cost.

When you look at these quotes, you naturally consider the more competitive bids for starters. After further due diligence, you realize why they are more competitive. They’ve been in the business longer. With that comes the benefits and advantages of security and experience. Such a company has streamlined their operations and optimized cost.

Hence collect enough market data to invest in on-time quality at the best price.