{"id":993,"date":"2012-05-15T13:04:00","date_gmt":"2012-05-15T13:04:00","guid":{"rendered":"https:\/\/www.lienitnow.com\/blog\/index.php\/2012\/05\/15\/is-market-rebounding-higher-bids-for-public-works-may-be-a-sign\/"},"modified":"2012-05-15T13:04:00","modified_gmt":"2012-05-15T13:04:00","slug":"is-market-rebounding-higher-bids-for","status":"publish","type":"post","link":"https:\/\/www.lienitnow.com\/blog\/2012\/05\/is-market-rebounding-higher-bids-for.html","title":{"rendered":"Is Market Rebounding? Higher Bids for Public Works May Be a Sign"},"content":{"rendered":"<div style=\"clear: both; text-align: center;\"><a href=\"http:\/\/1.bp.blogspot.com\/-bN6ImjpgMEE\/T7JTvNoyiiI\/AAAAAAAAAKo\/yjuZXFw1Ek8\/s1600\/bannerphotos.jpg\" style=\"clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" height=\"130\" kba=\"true\" src=\"http:\/\/1.bp.blogspot.com\/-bN6ImjpgMEE\/T7JTvNoyiiI\/AAAAAAAAAKo\/yjuZXFw1Ek8\/s320\/bannerphotos.jpg\" width=\"320\" \/><\/a><\/div>\n<p><a href=\"http:\/\/www.tupeloparkrec.com\/\">Tupelo Mississippi<\/a> just ran into a problem: the bids that it solicited for its new aquatic center came in way too high&#8230;the lowest bidder placed a bid that was $1.4 million over budget.&nbsp; Many times public works bid solicitations come in over budget because there are not enough bidders: that wasn&#8217;t the case in Tupelo, where six contractors placed a bid for the project, which was budgeted at $12 million dollars at max. <\/p>\n<p>The Tupelo aquatic project is designed to put a 45,000-square-foot complex at Veterans Park.&nbsp;With submitted bids ranging from&nbsp;$13.4 million to $15.2 million, the city is now being forced to reject all bids and&nbsp;work with its architects to find a way to make the project less expensive.<\/p>\n<p>While the&nbsp;larger than expected bids may&nbsp;not be great for Tupelo&#8217;s&nbsp;plans for a state of the art aquatic center, the bids may be a sign that&nbsp;construction companies are finally starting to find work again, and are basing their bids not just on keep revenue flowing, but also keeping profits healthy.&nbsp; For years now, many construction companies have kept their prices low to&nbsp;get projects,&nbsp;needed cash, and keep workers.&nbsp; But with that model, profits were often scuttled altogether in order to&nbsp;get the job.&nbsp; Higher prices may be sign that those days are finally coming to an end, and the construction industry is on its way&nbsp;back to health.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tupelo Mississippi just ran into a problem: the bids that it solicited for its new aquatic center came in way too high&#8230;the lowest bidder placed a bid that was $1.4 million over budget.&nbsp; Many times public works bid solicitations come in over budget because there are not enough bidders: that wasn&#8217;t the case in Tupelo, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1716,1720,1441,1718,1719,1717],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Market Rebounding? 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