Related Links: Dept. of Justice press release Two Army Corps of Engineers contracting officials and two other men were arrested and charged with conspiracy, bribery, kickbacks and money laundering on two Corps contracts.The U.S. Attorney for the District of Columbia, Ronald C. Machen, Jr., said, “This indictment alleges one of the most brazen corruption schemes in the history of federal contracting.”Two Corps contracts are at issue in the case: An indefinite delivery/indefinite quantity contract with a maximum value of more than $1 billion and a planned contract that was to have a maximum value of $780 million. Neither was competitively
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.