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Raj, I can sympathize. I used to push some bids over to clients like they were grenades with the pin pulled.
In time, you learn what the others have said here; you need to make money to survive, so you should be unapologetic about turning a profit.
Getting good at ballparking projects in an initial meeting can be helpful, so that they know going in what the project might cost. And even without that, there should not be any guilt about putting food on your table.
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