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Schock Market Proposes Privatization of San Luis Obispo Water Distribution Program

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SAN LUIS OBISPO, Calif. - eTradeWire -- 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.

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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.)

Payout Guidelines

This market proposes that the contractor payout be distributed as follows:
  • 100% paid to claimholders based on eligible time. (Eligible time = time on accurate bids minus time on inaccurate bids. Claimholders with long-held claims, bid at reasonable prices, earn the biggest payouts.)
  • Payouts are made only to claimholders registered with Schock Market as residents of San Luis Obispo.
  • Participants are limited to one claim each in this market.
If privatization proceeds, any payout will be determined and paid by the winning contractor. The contractor may choose to fund a payout, or not. (Contractors that benefit from our markets presumably have an interest in honoring payouts.)

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Visit the market here:  https://www.schockmarket.com

Contact
Schock Market, Inc.
***@schockmarket.com


Source: Schock Market, Inc.
Filed Under: Financial

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