Hunter Biden art sale update

I can’t believe these inflated profit margins [gift link]:

A National Park Service analysis found that the contractor given a no-bid contract to repair the Lincoln Memorial Reflecting Pool is being paid an inflated and excessive profit margin, according to federal documents obtained by The New York Times.

That analysis, prepared by a Park Service contracting specialist, found that the typical profit margin of federal construction contracts like this one is 6 percent to 12 percent. But the firm fixing the Reflecting Pool, Virginia-based Atlantic Industrial Coatings, submitted a bid that charged 20 percent, adding at least $850,000 to what a more typical contract would have cost.

The Park Service accepted that bid after a contracting official reasoned that the company deserved it for accepting a difficult job on a tight deadline. The government eventually agreed to pay the firm $13.1 million, which is seven times the amount that President Trump initially said the work would cost.

Now that the repair work is underway, however, other documents indicate that the same contractor had — at least initially — not been able to perform one of the most critical parts of its repair job: sealing the gaps between the concrete slabs at the pool’s floor.

Look, if you expect to get the work done you’re going to have get their beaks a lot wetter than that! I wonder how many no-work and no-show jobs the Trump Organization got on the side.