Word: welsch
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Dates: during 1980-1989
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...least one trade group, the National Asphalt Pavement Association (NAPA), have met with Justice Department officials to voice concern that the scope of the investigation might end up crippling the nation's road-building industry. Says NAPA President John Gray: "We felt this was overkill." But Joseph Welsch, inspector general of the U.S. Transportation Department, says a reliable rule of thumb is that "rigged bids cost taxpayers about 15% more than unrigged bids," a margin of greed that could add up to hundreds of millions of dollars in probable contractor overcharges in the past few years alone...
...participating in public bidding, for a year or more. Many states have tightened up their bidding procedures, frequently subjecting sets of bids to computer analysis in a search for suspicious patterns. No one expects the new vigilance completely to reform the construction industry, but the Transportation Department's Welsch thinks the antirigging campaign is beginning to replant the seeds of competition. Says he: "We've seen more contractors coming into the marketplace, because it's a free market again...