What is this “no-bid contract” of which you speak?

Speaking of technological advances, it cost the taxpayers of Beaver County, Pennsylvania about $2.8 million because they sold bonds without getting competitive bids.

But perhaps the county commissioners of Beaver County, Pennsylvania were unusually ignorant of the fact that different financial companies, um, charge different rates for their work?

No. According to Bloomberg, “More than 85 percent of the $308.9 billion in new tax- exempt bond issues this year were sold without competitive bidding.”

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One response to “What is this “no-bid contract” of which you speak?

  1. Pingback: No-Bid Bonds Cost Taxpayers Millions

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