In an attempt to win projects funded by the stimulus package, construction companies are bidding low. In Pennsylvania officials are saying that bids for road and bridges have come in 15% lower than expected. Utah says their bids are 25% lower and Louisiana says a bid for work on Interstate 49 came in about $4.7 million less than expected.
There are so many construction companies seeking jobs that companies are willing to make less just to get back to work. The lower bids should help stretch the stimulus dollars and get more bang for the buck.
As of last week, 34 states has been given the green light for nearly 1,00 projects totaling $3.4 billion.