Do you bother competing with other companies?

[DrQuincy]

Do you bother competing with other companies? I've decided, generally speaking, it's a waste of time for me.

When a company says we're seeing another couple of companies generally I find I'm wasting my time. Such people always do it on price only and I end up wasting my time as I'm not cheap. I find when tendering for these sort of jobs it just goes to the 'lowest bidder' and some cowboy gets it. Let's say my rate is £300 per day once you have met with them, done the quote, etc you can easily be a day or so down. Now if it's a £10k job then great but it's pointless if I know I won't get it.

Most of my work comes from referrals or from a local reputation, or when people genuinely like the style of my design and in such cases I get what I think is a fair price and they don't bother going elsewhere.

People are so short-sighted - especially in a recession - and everything is done on cost, not ROI.

I'm just steering well clear of anyone moaning about price as for me, they're just time wasters.

Do you agree of disagree? I'm interested to know your thoughts.