2.26.2005
US Army Doles Out $12m Bonus to Halliburton (SMH.com.au)
February 26, 2005
The US Army has approved $US9.4 million ($12 million) in bonus payments to a Halliburton subsidiary on more than $US1 billion of work supporting the wars in Iraq and Afghanistan, even though the Government has not approved the costs and terms of the contracts.
The Army Field Support Command said on Thursday that Kellogg Brown & Root's performance had been rated as excellent or very good on 14 task orders and it had therefore authorised interim "award fees". These amounted to $US5 million on $US392 million of logistics work in Afghanistan and Uzbekistan, and $US4.4 million on $US758 million of logistics work in Kuwait for the war in Iraq.
Democrats in Congress have been critical of the Halliburton subsidiary's war effort contracts because they were awarded mainly without bidding. Dick Cheney was Halliburton's chief executive before he stood for the vice-presidency in 2000.
This month the army said it was going against the advice of auditors, who cited $US1.8 billion in "unsupported costs", refusing to withhold 15 per cent of Kellogg Brown & Root's payments on the contract for which it has now awarded bonus payments.
(More ... US Army doles out $12m bonus to Halliburton - After Saddam - www.smh.com.au) ¶ 11:52
The US Army has approved $US9.4 million ($12 million) in bonus payments to a Halliburton subsidiary on more than $US1 billion of work supporting the wars in Iraq and Afghanistan, even though the Government has not approved the costs and terms of the contracts.
The Army Field Support Command said on Thursday that Kellogg Brown & Root's performance had been rated as excellent or very good on 14 task orders and it had therefore authorised interim "award fees". These amounted to $US5 million on $US392 million of logistics work in Afghanistan and Uzbekistan, and $US4.4 million on $US758 million of logistics work in Kuwait for the war in Iraq.
Democrats in Congress have been critical of the Halliburton subsidiary's war effort contracts because they were awarded mainly without bidding. Dick Cheney was Halliburton's chief executive before he stood for the vice-presidency in 2000.
This month the army said it was going against the advice of auditors, who cited $US1.8 billion in "unsupported costs", refusing to withhold 15 per cent of Kellogg Brown & Root's payments on the contract for which it has now awarded bonus payments.
(More ... US Army doles out $12m bonus to Halliburton - After Saddam - www.smh.com.au) ¶ 11:52
