BUSINESS
08/06/2009 05:12 am ET | Updated May 25, 2011

Federal Contractors Got Billions In Bonuses, Despite Performance: Report

Federal agencies have awarded billions in bonuses to contractors regardless of whether the work was deemed satisfactory, according to a Government Accountability Office report released last week.

Government-wide guidance issued in 2007 by the Office of Management and Budget recommended that agencies link award fees to results and prohibit payments for poor performance. That policy has saved hundreds of millions of dollars, the GAO reported.

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