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It can be a 2 sided street.
Designers programmers may underquote, or for lack of better terms quote for a perfect scenario, and end up overshooting a deadline, just trying to book a client with all of the competition, especially overseas stuff.
Also keep in mind, a lot of the times, people will add in last minute "really simple" changes to designs/coding, that cause the designer or programmer to have to redo or rethink certain sections.
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“ I have the simplest tastes. I am always satisfied with the best.” -Oscar Wilde
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