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Economic Downturn Creates Buyer's Market for Some Cities

Publication Date: 04-NOV-09
Author: Pam Radtke Russell
Format: HTML

    
Description:
The economic downturn has provided a good climate for the rare water utility that has available cash. Potential bidders are crowding pre-bid meetings, materials prices have fallen steeply, and many bid prices have dropped 15% to 40% below engineering estimates. “If you’re an owner, it’s a good environment for bidding,” says John Boisvert, chief engineer with Pennichuck Water Works, an investor-owned water utility in New Hampshire.
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