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Low Bids Let Agencies Stretch Their Stimulus-Act Dollars

Publication Date: 10/6/2010
Author: Bruce Buckley and Tom Ichniowski
Format: HTML

Federal agency procurement officers are breathing a bit easier after a mad dash to obligate their remaining American Recovery and Reinvestment Act dollars by Sept. 30, the deadline for committing many stimulus-act construction dollars. Agencies have seen bids on ARRA-funded projects come in well below initial estimates, opening opportunities to redirect those savings to thousands of additional projects.

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