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A softer way of renegotiating the contract is to pay the parking enforcement officers out of the parking meter revenue. The less revenue submitted back to the
by derekp7 3y ago
A softer way of renegotiating the contract is to pay the parking enforcement officers out of the parking meter revenue. The less revenue submitted back to the city would mean less enforcement, and therefore less meter compliance, which is less revenue back to the outsourcing company.
- ajdude 3y agoOne potential issue may be the clause that the city must pay the outsourcing company to make up for lost revenue under their expected amount in the contract. For instance when they raised the rates and less people started parking, the city had to pick up the tab.
- gabereiser 3y agoYou missed the part where Chicago is on the hook for "lost" revenue. Arguably determined by clever accounting on CPM's part.