DOD Could Save Billions By Cutting Oversight, Study Says

Law360, New York (July 11, 2012, 7:08 PM EDT) -- The U.S. Department of Defense could cut contracting costs by 20 percent if it reduced administrative oversight and moved towards a less adversarial relationship with its contractors, according to an Air Force-funded study released Tuesday.

Under increasing pressure to cut its budget and reduce contracting costs, the DOD could find $20 billion in savings each year by smoothing out its bureaucracy, according to the report, which was co-authored by professors from the University of Tennessee, Auburn University, and the University of Alabama. The Pentagon spends $400...
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.