VA Unit Skipped Reviews For $1.6B In Contracts: Report

Law360, New York (December 5, 2011, 3:54 PM EST) -- The Veterans Health Administration has not performed mandatory reviews for about 3,000 contracts worth $1.58 billion, and moreover, it cost taxpayers millions by awarding a significant number of noncompetitive contracts, a VHA watchdog said in a report released Thursday.

After conducting its audit, the U.S. Department of Veterans Affairs inspector general's office estimated that the VHA — a VA arm that oversees about 150 medical centers — failed to conduct so-called integrated oversight process reviews for thousands of contracts awarded between June 2009 and May 2010....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.