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If firms can do a good job properly for that money and still run a business then fair play to them. The electrical business went the same way years ago - there was a shortage of sparkys so the courses got easier and we ended up competing with idiots that were equally qualified.
Most depressing one we had was a few years ago on a dentist surgery in Birmingham. Three months of solid work - We priced it keen at around 17K. The firm that won it price it at 13k - materials came to around 10k. On the first day one of the guys cut through a fibre optic cable and it cost £900 to have it repaired. The builder told me that they had 3 men there for the full three months. Idiots, and as expected they did a bloody awful job.
Most depressing one we had was a few years ago on a dentist surgery in Birmingham. Three months of solid work - We priced it keen at around 17K. The firm that won it price it at 13k - materials came to around 10k. On the first day one of the guys cut through a fibre optic cable and it cost £900 to have it repaired. The builder told me that they had 3 men there for the full three months. Idiots, and as expected they did a bloody awful job.