The Trump administration’s no-bid, $13.1 million contract to repair the Lincoln Memorial Reflecting Pool featured “excessive” profit margins” and “inflated overhead,” according to federal documents.
The deal, awarded to Virginia-based Atlantic Industrial Coatings, saw the contractor ask for 20 percent profits, roughly doubling the typical 6 to 12 percent margin on such projects, netting it at least $850,000 in extra compensation, per a National Parks Service analysis obtained by The New York Times.
