Schock Market Proposes Privatization of San Luis Obispo Water Distribution Program
SAN LUIS OBISPO, Calif. - Nov. 30, 2021 - PRLog -- Market Summary
This market records claims for a proposed privatization of the City of San Luis Obispo Water Distribution Program.
The goal is to achieve $1.8 million in savings through privatization, over ten years. These savings may be used to fund local community development.
To generate momentum for this proposal, claimholders in this market have an opportunity to share a proposed $181,454 payout from the winning contractor(s)
Calculating Your Bid:
Here are the operating expenses for the City of San Luis Obispo Water Distribution Program, proposed 2021-22 budget:
City Staffing $1,460,905
Contract Services $86,515
Other Operating Costs $267,128
Total Annual $1,814,548
This market seeks to achieve savings for the City of San Luis Obispo Water Distribution Program by reducing operating costs, not by selling program assets.
Privatization of operating costs at public agencies can often achieve savings of 10% or more. (To the extent that an agency already contracts for services, the savings may be less.) For the City of San Luis Obispo Water Distribution Program, a 10% savings equates to approximately $181,454 per year.
Participants in this market are trying to price their bids at or below this amount--expected savings per year.
This market has 1,000 total claims available. Participants are limited to 1 claim each.
Below are sample bids with a reasonable chance for payout:
$18 bid (X 1,000 claims in market = $18,000 guessed savings per year. This is likely a low bid.)
$180 bid (X 1,000 claims in market = $180,000 guessed savings per year. This is likely a high bid.)
This market proposes that the contractor payout be distributed as follows:
Visit the market here: https://www.schockmarket.com
Schock Market, Inc.