US Army to withhold portion of Halliburton payments
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The billing dispute between the US Army and Houston-based Halliburton Co. continues as the Army on Tuesday said it would withhold paying 15 percent of future invoices from Halliburton.
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The Army reversed a decision to withhold payment on 15 percent of future payments to the Halliburton Company on its contracts in Iraq and Kuwait.
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The US military expects to decide within a week whether to withhold 15 percent of bills paid to Halliburton Co. for work in Iraq, an Army spokeswoman said Wednesday, as Democrats cried foul over why the Army was ...
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WASHINGTON - The Army has abruptly reversed itself and decided to pay all of Halliburton Co.&#39;s fees to house and feed US troops in Iraq and Kuwait after the company threatened to legally challenge the effort to penalize it.
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A US government auditor says the US Army should withhold 15 per cent of future payments to Halliburton for work in Iraq due to billing disputes - in a move that could cost the contractor tens of millions of dollars.
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Halliburton (HAL:NYSE - news - research) sank Tuesday after the Army chose not to extend a deadline for the company to explain its billing in Iraq.
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KBR , a former unit of Halliburton Co. , Dyncorp International Inc.  and Fluor Corp.  were awarded parts of a U.S. Army contract with a combined potential value of up to $150 billion to provide services to the military in the Middle East.
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Halliburton HAL.N said on Monday  the U.S. Army had decided to give the company more time to  resolve a billing dispute before withholding payment of up to  15 percent of the company's bills in Iraq and Kuwait.
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Halliburton Co. may decide not to  submit new bids for the logistics contracts it holds in Iraq if  the U.S. military divides up the work too deeply, Chief  Executive Officer Dave Lesar said on Tuesday.
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The US Army on Tuesday appeared to reverse a decision to stop paying a portion of Halliburton Co.&#39;s (HAL.N: Quote, Profile, Research) bills in Iraq and gave the company more time to resolve a billing dispute.
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One of the US Army&#39;s top procurement officers yesterday called the Bush administration&#39;s grant of multibillion-dollar contracts to oil services giant Halliburton &quot;the worst case of contracting abuse she has ever seen&quot;.
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The inspector general for Iraq&#39;s reconstruction yesterday threw his weight behind withholding some payments from Halliburton Co.
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HOUSTON - The U.S. Army will begin withholding 15 percent of its payments on Halliburton Co.'s future invoices for logistical support of troops in Iraq and Kuwait, the oil services conglomerate said Tuesday...
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After a week of flip-flops by the Army, Halliburton is waiting for a final decision on whether the military will withhold 15 percent of payments for some of its work in Iraq.
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WASHINGTON - The Army extended a Halliburton Co. troop support contract over the objections of a top contracting officer, even contending - and then withdrawing - a claim that US forces faced an emergency if the company didn&#39;t get the extra work.
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Halliburton&#39;s row with the US Army intensified yesterday when the military said it would withhold 15pc of future invoices due to an ongoing dispute over billing practices.
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Halliburton has acknowledged that payments may have been made to Nigerian officials as part of an alleged $180 million bribery scandal, according to an SEC document filed by the Houston-based company on Friday.