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SHRED Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 09:02 PM
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Making a "killing"

Top 100 Recipients of Federal Contract Awards for FY 2006
http://www.fedspending.org/fpds/tables.php?tabtype=t2&s...


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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 09:07 PM
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1. Jeez -- you have to go down the list to #49 to find the first recipient who
received less than a BILLION dollars!
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haele Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 09:37 PM
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2. A lot of those companies spread themselves over several different agencies
Granted, there's too many contracts being let that should remain in-house to the government because it tends to cost more in the long run to privatize work in a agency that is permanent in nature (administration or regulation services). Most of those companies also have a couple hundred small contracts that end up being a total of 9 or 10 billion dollars annually. If the largest contract is only 10 million for a large government project (say, engineering and testing of extra terrestrial systems at NASA or managing a major infrastructure upgrade)and a company has 25 similar contracts within that range, it really can seem they're making money hand over foot when in reality they're only making perhaps 10 - 12% profit after both the standard operating costs and other losses (the cost of contracts they've bid for and lost, contracts that went away due to budget cuts, schedule penalties, and other risks). Spread over shareholders and other dividends, that is a lot less money than it looks initially.

What you need to watch for is what type of contract they have and what sort of oversight that contract has. A no bid,cost and materials contract for 1 million initially has a far greater chance that there will be all sorts of corruption, waste, fraud and abuse than a fixed fee fixed cost contract for 20 million that had gone out on a best cost bid. It also doesn't matter how big the corporations are and how much they're getting - the "Dukester"'s corrupt contractor buddies never got more than a couple million a year in fake, no-bid contracts. They wouldn't be on your list at all.

Haele
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