Alan Grayson Fights Cost Overruns in Defense Contracts

As a private citizen, Alan Grayson has a long record fighting defense contractor corruption in Iraq. Now, as a Congressman, he's writing laws to end the culture of waste and greed in defense contracting.

This amendment to the Defense Authorization Bill Currently, if a government contractor incurs a cost overrun, the government bears 100% of the cost overrun. This encourages low-balling in proposals, when a contractor deliberately underestimates the cost of a project so as to secure the business, and then sticks the taxpayer with the bill when the project goes over-budget.

This amendment commissions a GAO study to look in-depth at cost overruns. The Comptroller General would list, for fiscal years 2006-2009, contracts with a cost overrun, the cost estimate of the covered contract, and the cost overrun for the covered contract. The GAO would also list findings and recommendations. Once Congress better understands the contours of this specific problem, Congress can put together legislative proposals that will reduce cost overruns.

Grayson's amendment text is here: http://www.rules.house.gov/111/AmndmentsSubmitted/hr2647/grayson104_hr2647_11...

Category:

News & Politics

Tags:

• Alan
• Grayson
• Pentagon

[BlueSkies360]

Sounds good to me! :)

[1958louief]

My HERO!!

[CostAnalyst]

View my channel for information on the cost overrun problem and how to solve it.

[Deeked]

STFU Grayson. You are a piece of shit. Enjoy your last years serving the people.

[GrannySays]

You said it all right there. I hear some things where Alan Grayson and I differ but so far I like his integrity. So I'll watch to see how that goes. If he can live up to Ron Paul's standards.

It is refreshing to see some elected representatives actually trying to fix it. Not just mouth the phrases and say the words they think, we in the cheap seats, want to hear. Then spend money faster and faster, while treating citizens as a stupid mass nuisance.

[Nibielari]

same hopefully he is trustworthy like ron paul because i like this guys style we need people in there that we can trust and actually works for us like ron paul

[GrannySays]

I do not know a lot about Alan Grayson and I do not live in his area. I've only recently noticed him and I have think he is a good representative who works for the people of this country.

[MooseOfReason]

Cost over-runs also happen with health insurance.