Tuesday, August 30, 2011

Pentagon No-Bid Contracts Rise to 45% in 2011


The post-9/11 years at the Department of Defense have seen an enormous increase in no-bid contracts, with the lack of competition approaching 50% during the first six months of this year.
Over the course of the last 10 years, the amount of money spent by the Pentagon on non-competitive contracts has almost tripled, from $50 billion in 2001 to $140 billion in 2010, according to the Center for Public Integrity’s iWatch News.
And the reliance on no-bid deals has only gone up so far in 2011—to 45%—the highest rate recorded since 2001...[Full Article]