It’s a somewhat common practice for strata councils to adopt a policy that requires three quotes for every project—big or small. On the surface, it sounds like good governance: more quotes mean better comparisons and could potentially lower your overall costs. But in practice, this kind of very rigid policy can create significant inefficiencies, strain vendor relationships, and even lead to worse outcomes for the strata.
Here are just a few of the reasons why we know this to be true: