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Government gains, contractors lose (access required)

Desperate for work, bidders make less profit in race to the bottom

Desperate times call for desperate measures for most contractors. Bids for Charlotte city bond projects are coming in as low as half of engineers' estimates, saving the city an estimated average of 20 to 40 percent on projects overall, said Jim Schumacher, assistant to the city manager. That might be good news for taxpayers, who are seeing ...

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