Construction specs often include “Allowed manufacturers” to limit your choices to certain vendors, which theoretically means you get quality material. For stainless steel, sometimes they’ll specify which alloy you need to use (304L and 316L are the most common) You certainly could submit the specified manufacturer’s product and then switch it out for a cheaper option, but if you’re caught, you could be forced to correct the work with the right material or be financially on the hook for another contractor performing the work. It would be up to someone else to notice that the steel contractor isn’t using the specified material, which may never happen.
The ‘use less of it than needed’ problem would ideally be caught by an inspector, but they certainly aren’t perfect.
Here’s a link to Cleveland Clinic’s electrical spec, if you’re curious how detailed they get: http://portals.clevelandclinic.org/Portals/57/2012_Elec%20Sp...