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When it comes to construction, the Great Recession has caused the bottom to fall out of the housing market.
This slowdown has caused surviving construction companies to clamor for work — and increased competitiveness for remaining projects.
As a result, the construction projects that have gone forward have actually benefitted from lower-than-normal prices.
The earth-moving project for the runway safe area at the Twin County Airport is a good example, as it came in at about half the initial engineer's estimate, or a little less than $700,000.
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