The better question is why not? Cost of construction are down due to the slow construction market. Construction firms have been forced to re-invent themselves as it pertains to how they operate. Overhead budgets are getting lower and the end result is the Cost of Construction is down. Material costs are done significantly from past years. Here is a quote for a Industry economist……
“The price declines make this a great time for public agencies and private owners alike to start construction projects, particularly because this is a limited-time sale and may not last much longer,” said Ken Simonson, chief economist for the Associated General Contractors of America, adding that some materials prices have recently started to rise.
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