FAA Needs Controls To Stop Contract Overpayment: Report

Law360, New York (May 25, 2011, 5:34 PM EDT) -- The Federal Aviation Administration should beef up internal controls to prevent it from overpaying for noncompetitive government contracts, the U.S. Department of Transportation’s inspector general said last week in an audit report.

The inspector general said in the report, issued May 19, that although the FAA has taken steps to improve contract pricing processes, management errors and procedural lapses have caused the agency to spend too much on some noncompetitive contracts.

The report came in response to an October 2009 directive from the White House Office...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.