They say there is nothing new in this world. The debate on the TfL reverse auction reminded me of some sage words that are over 150 years old:
' It's unwise to pay too much, but it's worse to pay too little.
'When you pay too much, you lose a little money - that is all.
'When you pay too little, sometimes you lose everything, because the thing you bought was incapable of doing the thing it was bought to do.
'The common law of business balance prohibits paying a little and getting a lot - it can't be done.
'If you deal with the lowest bidder, it is well to add something for the risk you run.
'And if you do that you will have enough to pay for something better.' John Ruskin 1860 Steve Williamson thestepsrake@aol. com