Services contracts lead in Iraq funding

Contractors providing the government with administrative and management services in Iraq took the major share of federal contract dollars obligated between 2003 and 2007, according to a report released today.

In analyzing federal contract data, the Congressional Budget Office found government agencies obligated 80 percent of the $85 billion in contracts spent in Iraq on services contracts. Specifically, contractors offering administrative and management services received $26 billion, or approximately 30 percent of the money. Most of those dollars went to contracts classified as “logistics support services,” a broad subcategory of services contracts that can include equipment and property maintenance, according to the CBO’s report, “Contractors’ Support of U.S. Operations in Iraq.”

Read the story: FCW.com News - Services contracts lead in Iraq funding