NYC Comptroller Lander declines to approve $432M DocGo contract

New York City Comptroller Brad Lander announced he declined to approve a $432M contract with DocGo, formally known as Rapid Reliable Testing NY LLC, which the office said is “the first time during Comptroller Lander’s term that his office has done so regarding an emergency contract.” Lander returned the contract to the Department of Housing & Preservation Development, or HPD, citing numerous concerns associated with vendor selection, vendor responsibility, fiscal capacity and subcontractor selection, the office announced earlier. “My office did not make this decision lightly. After a careful review, we are declining to approve this contract due to numerous outstanding concerns. The agency’s contract submission to our office fails to describe how the $432 million price tag was reached. There was little evidence to show that this company has the experience to provide the services it has been contracted for. Contradictory information was provided regarding their fiscal capacity and serious questions were raised about the integrity and responsibility of this vendor and their subcontractors. After thorough review, we are returning the contract to HPD and encouraging them to reconsider whether this vendor is appropriate for the services described,” said Comptroller Brad Lander. DocGo shares are down 61c, or 7%, to $7.56 in afternoon trading.