Irregularities Alleged in Ou Cogeneration Bid Process / by Losing Bidder

By L. D. Barney | THE JOURNAL RECORD, November 2, 1986 | Go to article overview

Irregularities Alleged in Ou Cogeneration Bid Process / by Losing Bidder


L. D. Barney, THE JOURNAL RECORD


Irregularities in the bidding process to develop a 100-megawatt cogeneration project for the University of Oklahoma Health Sciences Center were alleged Wednesday by a losing bidder.

James M. Samis, president of Thermonetics Inc. of Menlo Park, Calif., claimed in a meeting of the OU board of regents that his proposal for the project would mean $60 million more to the university than that by Oklahoma City-based Smith Cogeneration Inc., which was recommended Wednesday to the regents by a research committee.

The bidding impropriety charge was denied by Gary Smith, vice provost of administration and finance for the university, and head of the committee that recommended Smith's bid. Samis' projected figures, meanwhile, were called "pie in the sky" by Don Smith, president of Smith Cogeneration.

Stamis asked the regents to delay approving a developer until they can further examine the proposals.

The regents are expected to vote today on whether to name a developer for the project or delay approval as Samis requested. It would be at least two years before the plant could be completed.

The university originally intended to develop the cogeneration project, which would generate steam for heating and electricity that would be sold to Oklahoma Gas & Electric Co. under federal law.

Bids were requested from at least 30 firms, but only three valid bids were received - from Smith Cogeneration, Thermonetics and Panda Energy, said Gary Smith.

Each bid proposed a percentage of net profit to be returned to the university and a discount on steam.

Smith's provides $42.3 million in benefits to OU; Thermonetics $39 million and Panda $35 million, based on an evaluation by Stephins Inc., an investment banking firm in Little Rock, Ark., hired by the university to study the proposals.

Stamis argued the Stephens figures are very close to those provided by Smith Cogeneration. He claimed his firm would provide $119.9 million in total benefits, while Smith Cogeneration's plan would provide only $58.8 million.

He estimated Panda's proposal would have meant $93 million in total benefits.

He also charged that Smith Cogeneration did not provide financial projections in its original bid, but was allowed to add them later. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Irregularities Alleged in Ou Cogeneration Bid Process / by Losing Bidder
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.