APNewsBreak: Major Problems Found In Iraq Spending

Stock quotes in this article: KBR  

The decision to push ahead with the new hall was based on paperwork that was never updated and a failure to review the need for the project after the security agreement was signed. Most of the materials have been ordered and construction is well under way. That means canceling the project would save little money because KBR would have a legitimate claim for payment based on the investment it has already made.

The commission urges commanders in Iraq to review thoroughly all ongoing construction and improvement projects and only continue those essential to the life, health and safety of U.S. troops.

___

On the Net:

Wartime Contracting Commission: http://www.wartimecontracting.gov/

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