By Roxana Tiron The Hill
Thursday 19 July 2007
A watchdog organization is calling attention to what it deems the government's failure to properly vet the companies to which it awards hundreds of billions of dollars in contracts.
The Project on Government Oversight (POGO) yesterday released a revamped database detailing misconduct by the top 50 government contractors, including some of the world's largest military hardware, information technology, construction and energy companies. The database is stirring up criticism from industry members concerned that minor or even irrelevant issues are given too much attention.
POGO, which for years has criticized government waste in defense-related and other programs, said it set up the database due to the lack of centralized federal tracking of misconduct.
The new database includes instances of misconduct from 1995 to the present. POGO found that in fiscal 2005, the top 50 federal contractors received $178 billion in contracts out of a total of $384 billion in federal awards. Since 1995, the top 50 contractors paid $12 billion in fines, penalties, restitution or civil settlements for what POGO identified as more than 370 instances of misconduct.
In 2006 alone, the federal government collected $3.1 billion in settlements and judgments in cases involving allegations of fraud against the government, according to the Department of Justice. Since 1986 the government has collected $18 billion. Read More
Thursday 19 July 2007
A watchdog organization is calling attention to what it deems the government's failure to properly vet the companies to which it awards hundreds of billions of dollars in contracts.
The Project on Government Oversight (POGO) yesterday released a revamped database detailing misconduct by the top 50 government contractors, including some of the world's largest military hardware, information technology, construction and energy companies. The database is stirring up criticism from industry members concerned that minor or even irrelevant issues are given too much attention.
POGO, which for years has criticized government waste in defense-related and other programs, said it set up the database due to the lack of centralized federal tracking of misconduct.
The new database includes instances of misconduct from 1995 to the present. POGO found that in fiscal 2005, the top 50 federal contractors received $178 billion in contracts out of a total of $384 billion in federal awards. Since 1995, the top 50 contractors paid $12 billion in fines, penalties, restitution or civil settlements for what POGO identified as more than 370 instances of misconduct.
In 2006 alone, the federal government collected $3.1 billion in settlements and judgments in cases involving allegations of fraud against the government, according to the Department of Justice. Since 1986 the government has collected $18 billion. Read More
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