The Age
·general
·2 hours ago
Contract for Trump’s reflecting pool reno has inflated profit margin, analysis finds
The National Park Service analysis found contractor Atlantic Industrial Coatings charged a 20 percent profit margin on the Lincoln Memorial Reflecting Pool repair, exceeding typical federal construction margins of 6 to 12 percent. The no-bid contract ballooned to $13.1 million, seven times Trump's initial estimate. The contractor has already struggled sealing critical gaps, failing two trials this month.
Summary by Glance · The Age
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