DOE Says Cleanup Co. Got $50M More For Contracts To Parents

Law360, New York (April 16, 2012, 3:50 PM EDT) -- A U.S. Department of Energy audit report released last week found that Savannah River Nuclear Solutions LLC skirted government oversight by awarding unauthorized noncompetitive contracts to a pair of parent companies and increasing their budget ceilings by almost $50 million.

Responsible for radioactive waste cleanup at the Energy Department's Savannah Rover Site in Aiken, S.C., SRNS failed to show that Fluor Federal Services Inc. and Newport News Nuclear Inc. were the only sources with enough expertise to provide the services or perform proper cost analysis of...
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.