✉news BusinessBanking first seen 8 h ago, last 1 h ago, peak #26
Federal Reserve awarded $2B renovation contract without guaranteed price
Original: Fed awarded $2B on renovation without a guaranteed price
The Federal Reserve has been awarded roughly $2 billion for a building renovation project without a guaranteed maximum price, according to reporting by The Center Square. The arrangement means taxpayers could bear the risk of cost overruns on the work, a structure critics often flag as unusual for contracts of this size.
Why now: A multibillion-dollar contract lacking a fixed price cap raises concerns about accountability and taxpayer risk.
Federal ReserveThe Center Square
Rank over time, top of the chart is #1. 6 snapshots from 8 h ago to 1 h ago.
Evidence
- Fed awarded $2B on renovation without a guaranteed price · The Center Square
API: https://socialmediatrends-api.osmike.com/v1/trends/670723