Puerto Rico deal questionable
It is imperative to preserve competition for a free market to exist. Here are some examples.
When you have an accident, it is common for the insurance companies to ask for multiple estimates. When companies build facilities, they also ask for multiple sealed bids. Heck, when most people do work on their homes or buy tires, they price shop. Now there are some exceptions, like, if a shop/vendor or contractor has done work for the person/company previously and has a track record. So why do you think it’s OK to hand a $300 million contract to Whitefish Energy Holdings LLC, bypassing all bidding protocols without question?
Not to mention, as work progresses, there will be change orders and scope growth, equaling more money. It will not be a surprise to see this contract go to $600 million or more. These types of contracts are cost-plus, not to exceed contracts verses hard dollar. This means that they work until the money in the original budget is gone and then ask for more. But government contracts are infamous for not tracking progress effectively. For example: If a contractor has spent 75 percent of the budget and has completed only 40 percent of the work, then they are going to need more money to finish. I am just trying to inform people.
-- Joe Paschal, White Sulphur Springs