InvestorsHub Logo
icon url

midas98

02/17/08 9:27 AM

#315576 RE: ergo sum #315575

looks like the only winners in this will be the "toxic FEMA trailer attorney's"
icon url

eaglesurvivor

02/17/08 9:34 AM

#315577 RE: ergo sum #315575

ergo sum: ROFL you're a piece of work. http://investorshub.advfn.com/boards/read_msg.asp?message_id=26887121
"No they are not. Please post the names."

"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."

"Meanwhile, Bechtel, CH2M Hill, Fluor and Shaw continued their work under the original, no-bid contract, as costs rapidly grew. Shaw will now receive up to $950 million for the work, Fluor will get up to $1.4 billion, Bechtel will receive as much as $575 million, and the CH2M Hill deal is expected to go as high as $530 million."

"Altogether, FEMA is paying up to $7 billion for 153,000 trailers, or about $46,000 per trailer. About 132,000 are now occupied by storm victims. Under law, FEMA provides housing aid for up to 18 months, meaning that the trailers will have cost about $2,500 a month.

Lee acknowledged that the incumbent firms had a leg up on their rivals for the contracts announced yesterday because of their performance under the initial deals but said the agency sought to be fair to all competitors, pointing to the selection of the two multiple-firm consortia in addition to the four giants.

One of those groups includes DynCorp International LLC, Parsons Corp. and Dewberry. Fairfax-based Dewberry worked extensively in the Gulf Coast under a FEMA contract to rebuild public infrastructure. The other consortium was led by PBS&J, also a major player in government engineering and construction work."
http://www.washingtonpost.com/wp-dyn/content/article/2006/08/09/AR2006080901931.html

Now just to bait you, I'll leave with this: George Weyerhaeuser.