Idle Contractors Add Millions to Iraq Rebuilding
Source: By JAMES GLANZ, New York Times, October 25, 2006
Overhead costs have consumed more than half the budget of some reconstruction projects in Iraq, according to a government estimate released yesterday, leaving far less money than expected to provide the oil, water and electricity needed to improve the lives of Iraqis. The report (.pdf) provided the first official estimate that, in some cases, more money was being spent on housing and feeding employees, completing paperwork and providing security than on actual construction.
Related editorial from the New York Times: Editorial: Money Down the Drain in Iraq