A quick blurb was just put out on the wires that says an auditor for the US Army indicates the last 15% due to Halliburton should not be payed. This is due to the contract law with any company and the US Government that says if satisfaction isn’t met, the last 15% of the contract will not be payed. However, about 3 months ago, the White House overruled this Government practice and ordered the full contract be payed. Guess the Army is pushing back on George, too.
Yahoo! Article archived here.WASHINGTON (Reuters) – The U.S. Army should withhold payment of 15 percent of Halliburton Co.’s future invoices in Iraq (news – web sites) due to billing problems, said the chief auditor for U.S.-funded work in Iraq on Wednesday.
Stuart Bowen, Special Inspector General for Iraq Reconstruction, said in a memorandum to Army auditors and commanders he believes U.S. contract laws requiring a withholding when conditions are not met should be imposed on Halliburton unit Kellogg Brown and Root.