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You are here: Home / Government Contracting News / Energy Dept. overpays contractor executives

April 4, 2013 By AMK

Energy Dept. overpays contractor executives

An Energy Department official signed off on cushy contractor salaries well above levels specified in department guidance, according to an inspector general report released Wednesday.

The Energy official in Oak Ridge, Tenn., approved higher than market rate salaries for 10 contractor executives at URS|CH2M Oak Ridge LLC, the report found.  The company has a $2.2 billion contract to manage environmental cleanup efforts at the East Tennessee Technology Park in Oak Ridge.

Two of the more extreme cases had executives netting $299,800 and $337,581, or 82 percent and 74 percent above the corresponding market rates for each position, respectively.

Keep redaing this article at: http://www.govexec.com/technology/2013/03/energy-dept-overpays-contractor-executives/62122/?oref=nextgov_today_nl 

Filed Under: Government Contracting News Tagged With: Energy Dept., executive pay, fair and reasonable price, IG, labor rate

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