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U.S. contractors face risky climate of rising costs, low bids (access required)

The construction cost squeeze is not limited to buildings. Nationally,it’s hitting highway construction even more. Bid prices for highway work are 22 percent lower than the national peak in 2008, even though costs for key materials such as steel, asphalt and diesel have gone up, according to a Federal Highway Administration index. But most contractors working with a ...

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