The True Cost of a Utility Damage
Wednesday, June 08, 2011
What is the true cost of utility damage prevention? Contrary to conventional wisdom, it's far more than the simple ticket price paid to contract with the lowest-bidding utility locating firm. In fact, attempting to contain damage prevention costs by negotiating the lowest rate per locate can greatly increase a utility's exposure to other risks that in the end will prove far more costly. To accurately assess the total cost of utility damage prevention, many utilities understand what it costs to do the job right – and how much more it costs to do it wrong.