Commerce Misstated Contract Spending: Report

Law360, New York (October 11, 2011, 7:44 PM EDT) -- The U.S. Department of Commerce’s baseline figures for contract spending may be off by hundreds of millions of dollars due to miscalculations and a lack of acquisition oversight, according to a government report released Thursday.

Commerce’s baseline costs were “unsupportable and inaccurate” because the agency appeared to have misinterpreted cost-saving directions from the White House Office of Management and Budget, Commerce’s inspector general said in the report.

The OMB in 2009 ordered federal agencies to shave off 7 percent of baseline contract spending by 2011 and...
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