#ReflectingPool Contract Has ‘#Inflated’ #Profit Margin, Government Analysis Finds

Atlantic Industrial Coatings, the Virginia-based contractor, is being paid $13.1 million, which is seven times the amount that #Trump initially said the work would cost.

The firm that was given a no-bid contract to “repair” the Lincoln Memorial Reflecting Pool, is charging 20%. The typical profit margin is 6% to 12%, internal records show.

#GovernmentWaste #scam #economy
nytimes.com/2026/05/27/us/poli…