Friday, August 11, 2006
Big Katrina Contractors Win More FEMA Work
Surprise, surprise!
Big Katrina Contractors Win More FEMA Work:
The four giant construction firms that received controversial no-bid contracts to house Hurricane Katrina evacuees last September will be earning up to $250 million apiece to do similar work after future disasters, the Federal Emergency Management Agency said yesterday.
Unlike the Katrina deals, the contracts announced yesterday were awarded after a bidding process. But most of them went to the same four firms: Bechtel Corp., CH2M Hill Cos., Fluor Corp. and Shaw Group Inc. Two new consortia of companies were also chosen for a share of the work. Together, the six winners will receive up to $1.5 billion for hauling and installing temporary trailers to house evacuees during future emergencies.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment