ABSTRACT

More Dollars, Less Sense: Worsening Contracting Trends under the Bush Administration   [open pdf - 109KB]

"Last year, Rep. Henry A. Waxman released the first comprehensive assessment of government contracting under the Bush Administration. The report, entitled Dollars, Not Sense: Government Contracting Under the Bush Administration, found that between 2000 and 2005, federal procurement spending rose by over 80%, no-bid and other contracts awarded without full and open competition increased by over 100%, and contract mismanagement led to rising waste, fraud, and abuse in federal procurement. This new report is the first report to examine the 2006 federal procurement data. It finds that the worrisome trends identified last year have worsened significantly. For the first time, (1) annual federal procurement spending crossed the $400 billion threshold, (2) more than half of this spending -- over $200 billion in new contracts -- was awarded without full and open competition, and (3) the total value of wasteful federal contracts now exceeds $1 trillion. This year's report finds: procurement spending continues to grow rapidly; the award of noncompetitive contracts is accelerating dangerously; and waste, fraud, and abuse continue to soar."

Publisher:
Date:
2007-06
Copyright:
Public Domain
Retrieved From:
Subcommittee on Government Management, Organization, and Procurement: http://governmentmanagement.oversight.house.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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