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Construction


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October 22, 2009

Building owners attracted to lower renovation costs

By TYLER GRAF
Portland DJC

PORTLAND — When Scott Conway, president of First Cascade Corp., saw the bid results for the renovation of the Chehalem Cultural Center in Newberg, Ore., four months ago, he noticed something odd that he hadn't seen in 25 years: The two lowest bids came in at the exact same dollar amount.

More importantly, that amount was well below what he would consider the market cost of the project. But he wasn't surprised. He and other building professionals consider it a sign of the times, as firms balance their desire to stay in business with their desire to stay competitive.


 
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