It's probably got to do with the files on the disks being out of date. One time I downloaded Portal 2, didn't play it for months, then when I went to play it had to convert and re-download almost all the files to complete a major performance update.
There are probably two ways to get around this.
1- You could try selecting "Do not keep my games up to date" from the Steam settings, this should keep it from looking for new files when it's installing.
2- Another possible work around may be to set Steam to offline mode while you install so it can't look at the files on the server (If that's possible).
If you do either of these two options, when you turn updates back on or go back to online mode you may once again be hit with the problem of the game re-downloading or converting to Steams newer format.
I also had this issue with Half Life 2 from the Orange Box DVD's when I last installed it, if the game you're installing isn't played online you may choose to just leave updates turned off for that specific game (if that's possible).