december 16 2004 memorandum to members commission on higher education from conrad festa subject report construction cost increases due rising costs in south carolina and the nation colleges universities are receiving bids that far greater than their initial estimated project budgets november low bid received by citadel for of law barracks was 5 million 27 8 over budget clemson s memorial stadium renovation responsive 9 2 17 3 winthrop recently a approximately expected its lois rhame physical center according chief economist associated general contractors agc america us have risen anywhere 10 20 past year alone substantial portions these driven market instability availability concerns other drivers shortages qualified labor especially key trades used high tech projects such as laboratories transportation industry trucking shipping rail transport 1 elsewhere consumption raw materials
