Meanwhile, the FAA is under fire for wasting money in a project that was designed to fast-track its contracting process by using pre-qualified vendors. The project has been shut down after costing the agency tens of millions of dollars in overruns, The Washington Post reported last weekend. The FAA awarded 114 contracts under the system, with a potential value of about $543 million, according to a recent report by the Transportation Department Office of Inspector General. The report found problems with the project’s structure, its implementation, and its cost analysis. The investigation was requested by Iowa Sen. Charles Grassley. “It’s just outrageous how the FAA was not looking out for the taxpayers’ dollars,” Grassley told the Post. “Three words would sum this up: absolutely no accountability.”
FAA Criticized For Financial Waste
Key Takeaways:
- The FAA has shut down a project intended to fast-track its contracting process after incurring tens of millions of dollars in cost overruns and being criticized for wasting taxpayer money.
- The project, which awarded 114 contracts with a potential value of $543 million, was found by the DOT Inspector General to have significant problems with its structure, implementation, and cost analysis.
- Senator Charles Grassley sharply criticized the FAA for its "outrageous" lack of accountability regarding the failed project and its financial mismanagement.
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