From the NY Post:
City education officials facing severe budget cuts awarded a $2 million consulting contract to a company whose bid was four times as high as the lowest offer.
The contract to hire a seven-person cost-cutting team was won by the consulting giant Accenture.
Nine companies bid on the contract, assigning specific salaries to each member of the team.
For the role of entry-level project manager, the eight companies proposed an average hourly rate of $88.
Accenture, sponsor of the just-completed golf match in which Tiger Woods made his comeback, bid $323 an hour.