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Schock Market Prepares Privatization Market for San Luis Obispo Wastewater Collections

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SAN LUIS OBISPO, Calif. - Rezul -- Schock Market, Inc. announces a claim market for privatizing the City of San Luis Obispo Wastewater Collections Program.  Here are details:

Market Summary

This market records claims for a proposed privatization of the City of San Luis Obispo Wastewater Collections Program.

The goal is to achieve $1.2 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 $121,979 payout from the winning contractor(s).

Calculating Your Bid:

Here are the operating expenses for the City of San Luis Obispo Wastewater Collections Program, proposed 2021-22 budget:

City Staffing $976,441

Contract Services $51,035

Other Operating Costs $162,319

Total Annual $1,219,795

This market seeks to achieve savings for the City of San Luis Obispo Wastewater Collections 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 Wastewater Collections Program, a 10% savings equates to approximately $121,979 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:

$12 bid (X 1,000 claims in market = $12,000 guessed savings per year. This is likely a low bid.)

$120 bid (X 1,000 claims in market = $120,000 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 privatization and seek to promote it in additional communities presumably have an interest in honoring payouts.)

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Here is the market URL:  https://www.schockmarket.com/market/SLO%20Waste/summary

Contact
Spencer Schock
***@schockmarket.com


Source: Schock Market, Inc.
Filed Under: Financial

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