But this is the kind of stuff that makes one doubt whether government officials have sense enough to come in out of the rain.
The News & Observer reported this morning that, not surprisingly, the recession has led to lower construction costs as firms are willing to offer lower bids to get a share of declining business. After making the observation that the lower costs accompany tight budgets for public construction, the paper offered a quote:
“It’s a strange dichotomy,” said Lynn Raynor, a senior project engineer with the city of Raleigh.
Huh? It’s not a dichotomy ? there’s a causal relationship between smaller capital budgets and contractors submitting lower bids ? and it’s hardly strange. It?s just basic supply and demand.
