70% of Post-Katrina Contracts Awarded Without Full Bidding

Hundreds of millions of taxpayer dollars were wasted by FEMA in the awarding of Katrina recovery contracts, according to a U.S. House of Representatives study released today by House Democrats. Audits show that of $10.6 billion worth of contracts awarded, more than $7.4 billion were given with either no bidding or limited bidding. In addition, nineteen contracts worth $8.75 billion wasted taxpayer money in part through double-billing or non-use of purchased items.

(Continue reading at MoJo Blog)