| Article ID: | iaor19982059 |
| Country: | United States |
| Volume: | 9 |
| Issue: | 3 |
| Start Page Number: | 407 |
| End Page Number: | 434 |
| Publication Date: | Jan 1997 |
| Journal: | Journal of Public Budgeting, Accounting and Financial Management |
| Authors: | Mills John R., Vreeland Jannet M. |
| Keywords: | management, bidding, government, statistics: empirical |
Many new gaming jurisdictions with limited licenses have used ‘Request For Proposals’ (RFPs) process to select casino operators. Bids are evaluated in terms of the viability of the proposal and the benefits that will accrue to the governmental entities and the operators. The financial projections and the viability of the bidding entities are emphasized during the evaluation process. The authors discuss the problems that can arise when comparing financial information supplied by the bidders. They identify a basic foundation to be used for the evaluation process and provide suggestions for improving both the RFP process and the subsequent evaluation.