More of your taxes hard at work

[Blown 472]

http://www.latimes.com/news/nationworld/world/la-fg-halliburton11may11,1,5562891.story?coll=la-headlines-world&ctrack=1&cset=true

[Freak]

Must be registered to view. Cut paste please

[Blown 472]

Halliburton Is Awarded $72 Million in Bonuses
The Army defends the extra payment for the firm's Iraq work, which has come under fire.
From Reuters
WASHINGTON — The Army said Tuesday that it had awarded $72 million in bonuses to Halliburton Co. for logistics work in Iraq.
In a second statement later, the Army said that although it had paid the $72 million, it had denied $10.1 million more in bonuses to Halliburton unit KBR and had not paid the maximum allowed on any of six task orders it reviewed.
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"We have protected the taxpayer first," the Army said.
Sen. Frank R. Lautenberg (D-N.J.), a vocal critic of Halliburton's performance in Iraq, said the company did not deserve a bonus.
"It is outrageous that the Bush administration would give Halliburton a bonus after we have seen its overcharges, sloppy accounting and kickback schemes in Iraq," Lautenberg said. "Giving Halliburton a bonus is like giving your worst employee a raise."
KBR's logistics deal with the U.S. military has been in the spotlight from the outset in Iraq, with auditors saying it may have overcharged for some work, including dining services.
The Army said dining facility costs questioned by auditors from the Defense Contract Audit Agency had not yet been considered.
Last month, the Army said it would keep $55.1 million in a food service billing dispute with the company.
In addition, investigators are looking into whether the Texas-based firm charged too much to supply fuel to Iraqi civilians, which Halliburton denies.
Halliburton, formerly run by Vice President Dick Cheney, has earned more than $7 billion under its 2001 logistics contract with the military.
Much of the work is on a cost-plus basis, which means the company can earn up to 2% extra depending on its performance.

[HM]

Not sure what the problem is? Sounds like they got stiffed $10 million? If that is the case, then I am outraged!!

[1978 Rogers]

Halliburton shouldn't be pin pointed. The government wastes money left and right every day. Then when you diserve extras for a job or try and get a change order on a job, you don't get it. This is a big issue because its in the lime light. Big deal.

[Havasu_Dreamin]

The government pisses away 10 times that much.

[OGShocker]

The defense industry now employs 2.2 million people, about 2% of the civilian workforce. In Fiscal Year 1999 the Department of Defense awarded $118 billion to contractors for goods and services. 75,000,000 is peanuts. Stop living in an 9-10 world.

[Tom Brown]

If there are performance bonuses that are clearly laid out in a contract, then having a supplier meet them requires that they be paid.
Are these over payments or were clearly defined objectives met and contracted bonuses paid? These are two completely different issues.

[1stepcloser]

If there are performance bonuses that are clearly laid out in a contract, then having a supplier meet them requires that they be paid.
Are these over payments or were clearly defined objectives met and contracted bonuses paid? These are two completely different issues.
Tom, it's rather unfair of you to imply logic and reason in the Political forum.
See that it doesnt happen again.

[Blown 472]

The defense industry now employs 2.2 million people, about 2% of the civilian workforce. In Fiscal Year 1999 the Department of Defense awarded $118 billion to contractors for goods and services. 75,000,000 is peanuts. Stop living in an 9-10 world.
9-10 world?? huh???

[bigq]

9-10 world?? huh???
Pre 9-11, have another toke dude. :rollside: :D

[bigq]

If there are performance bonuses that are clearly laid out in a contract, then having a supplier meet them requires that they be paid.
Are these over payments or were clearly defined objectives met and contracted bonuses paid? These are two completely different issues.
Yup. i remeber when we had the big Northridge earthquake here in california. A contractor was hired to rebuild an overpass on one of the freeways. Well the contractor found ways to cut time and recieved a 1 million bonus. Some people were having a tissy fit over that. i don't see the problem if they exceed what is expected and it's in the contract. :confused:

[HOSS]

Can we maybe discuss Section 8 housing?

[Tom Brown]

Can we maybe discuss Section 8 housing?
No.

[Blown 472]

No.
Dick.

[Tom Brown]

Dick.
Pussy.

[Blown 472]

Pussy.
You wish, mutha f ucka.

[HM]

You wish, mutha f ucka.
Hi honey, I'm home. Can you please turn the channel to Fox News? Thanks babe. :D

[Schiada76]

Yup. i remeber when we had the big Northridge earthquake here in california. A contractor was hired to rebuild an overpass on one of the freeways. Well the contractor found ways to cut time and recieved a 1 million bonus. Some people were having a tissy fit over that. i don't see the problem if they exceed what is expected and it's in the contract. :confused:
It was large section of the 118 including several overpasses I believe.
The deal for all the bidders was a completion bonus before a specific date with each day having a graduated bonus scale. The low bidder bid it at or below cost and the any bonus was his profit. He did kick ass. :D