A government analysis has found that Atlantic Industrial Coatings, the contractor awarded a no-bid contract for the repair of the Lincoln Memorial Reflecting Pool, is set to receive $13.1 million for the project. This amount is reported to be seven times higher than the initial cost estimate provided by President Trump.
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Government Analysis Reveals High Profit Margin in Reflecting Pool Contract
A government analysis has indicated that Atlantic Industrial Coatings will receive $13.1 million for repairing the Lincoln Memorial Reflecting Pool, significantly higher than the initial estimate. The contract was awarded without a competitive bidding process.
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Reflecting Pool Contract Has ‘Inflated’ Profit Margin, Government Analysis Finds
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Government Analysis Reveals High Profit Margin in Reflecting Pool Contract