Word: bidders
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When possible, the AEC makes a lump-sum contract with the lowest bidder, but often the projects are so new and so uncertain that no sane board of directors will make such a guarantee to deliver results. It follows that many contracts must be "cost plus a fixed fee," in spite of the risk to the taxpayer. Since the contractor does not profit by keeping costs down, he is tempted to permit abuses-from loafing to large-scale inefficiency. In shadowy AEC-land, screened with secrecy and rippling with money, a crooked or careless corporation might find easy pickings...
Princeton, like most of the Ivy League, is short of football material for the simple reason that it is not a competitive bidder in the football market. Under a "Big Three" agreement Harvard, Yale and Princeton exchange information on all their varsity football players. Competitive bidding, in the form of scholarship offers, is frowned on. Each athlete must fill out a form showing the source of his finances; if any extracurricular subsidy crops up, the player is declared ineligible. Dick Kazmaier is a good example of how well that system works...
Frick inherits some tough problems-falling attendance everywhere, radio and TV competition, West Coast howls for a third league, and, most serious, Congress' investigation of baseball's reserve clause (which prevents a player from selling his services to the highest bidder). Unlike his predecessor, Frick is too cagey to put his foot in his mouth by way of opening it. Baseball's problems can be ironed out, he feels, but "I don't want to go saying things now that will sound silly later. I am not a reformer. You have to make changes slowly...
...reward the boys who didn't walk out on him, came to a sorry little anticlimax last week in Jackson, Miss. A federal grand jury indicted twelve politicos, including the leaders of Mississippi's pro-Truman State Democratic Committee, for peddling Federal patronage jobs to the highest bidder (TIME, April 23). Among those indicted: Clarence E. Hood Jr., former acting Democratic National Committeeman; Frank Mize, chairman of the pro-Truman committee and brother of a federal judge. The crimes alleged are both petty and sleazy. The committee leaders are accused of charging...
...sewed up the biggest broadcasting deal of the year. Hoffman's offer had been accepted by the public administrator of Los Angeles County, who was disposing of the West Coast's biggest chain for the, heirs of Don Lee. Hoffman had bid $11.2 million; the only other bidder, an Akron bank representing the General Tire & Rubber Co.'s salaried employees pension fund, had offered only...