Originally posted by Sandman
Cheney is the vice president and former CEO of Haliburton. Not sure of the amount, but estimates of his stock in Haliburtion exceeds $60 Million.
Keep in mind... This Haliburton no-bid nonsense started when he was SECDEF.
Is he doing anything illegal? Hard to say, but it smells funny.
the truth is no other company is bidding on theSand do you know what a "no-bid contract" is?
It means that one company bids on a contract and no other company places a bid.
Biders must meet several crietera.
1. They must have the ability to do the work and meet all the required scopes for the job.
2. They must have proven that they have done the same type of work in the past.
3. They may be required to post a bond in the event they fail to compleate the work.
4. They must be large enough to survive if they bid to low for the work.
The populer misconception is that H just gets the work becouse the goverment is playing faverits. job becouse they can't meet the requirments.
We also award no bid work on the construction of our submarines, guess why, only one company can meet the requirments.
There are many no bid contracts awarded due to the very specilized nature of our goverments requirments.
No other company is bidding on the work therefor a “no-bid” contract is awarded, boring and not a bit sinister, but that doesn’t make the anti NeoCons happy to report, so they don’t.