Overseas Civilian Contractors

News and issues relating to Civilian Contractors working Overseas

Up to $60B in war funds said wasted

WASHINGTON (AP)

As much as $60 billion intended for financing U.S. wars Iraq and Afghanistan has been lost to waste and fraud over the past decade through lax oversight of contractors, poor planning and payoffs to warlords and insurgents, an independent panel investigating U.S. wartime spending estimates.

In its final report to Congress, the Commission on Wartime Contracting said the figure could grow as U.S. support for reconstruction projects and programs wanes, leaving both countries to bear the long-term costs of sustaining the schools, medical clinics, barracks, roads and power plants already built with American tax dollars.

Much of the waste and fraud could have been avoided with better planning and more aggressive oversight, the commission said. To avoid repeating the mistakes in Iraq and Afghanistan, government agencies should overhaul the way they award and manage contracts in war zones, the commission recommended.

The Associated Press obtained a copy of the commission’s 240-page report in advance of its scheduled public release on Wednesday.

Created by Congress in 2008, the eight-member commission held more than two dozen hearings, interviewed hundreds of military and civilian officials and traveled multiple times to Iraq and Afghanistan. The panel’s final report is the most comprehensive examination so far of the U.S. dependence on contractors and the government’s ability to manage them in combat areas.

The commission said calculating the amount lost through waste and fraud is difficult because there is no commonly accepted methodology for doing so. Using information it has gathered over the past three years, however, the commission said at least $31 billion has been lost and the total could be as high as $60 billion. The commission called the estimate “conservative.”

Please read the entire story here

August 30, 2011 - Posted by | Afghanistan, Civilian Contractors, Commission on Wartime Contracting, Contractor Corruption, Contractor Oversight, Follow the Money, Government Contractor, Iraq, Wartime Contracting | , , , , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: