May/June CFMA Building Profits Article

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The VA’s billion dollar boondoggle

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A long-planned Veterans Affairs hospital being built in Denver, already hundreds of millions of dollars over its $604 million budget, has turned into a billion-dollar boondoggle for the agency. The contractor, Kiewit-Turner, blames the VA for ignoring agreements to submit plans that can be built within budget and has asked a federal board overseeing civilian contract disputes to let the company walk away from the job. Problems with the building emerged in January, when letters between the builder and the VA revealed the project to be running some $200 million over budget, with Kiewit-Turner blaming a pricey design that was only partially completed by the time it entered into the contract. The two sides subsequently agreed — via a handwritten agreement — to build the hospital within the original budget, with the VA in charge of submitting a new, pared-down design reflecting a number of cost-saving measures. But in a July 8 complaint to the Civilian Board of Contract Appeals, ...
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                 HAPPY EIGHT TRACK TAPE DAY!!   When : Always April 11th   Eight Track Tape Day brings back fond memories of the sixties and seventies. During this era, eight track tapes ruled the music world. America's love of the automobile, was a driving force in creating the demand for musical cassette formats. For those who grew up in this era, an eight track tape player in your home and your car was an essential. It was eventually replaced by cassette and other formats for storing music. Eight Track Tape Day is a day to bring back fond memories of the sixties and seventies. If you still have tapes and a player, by all means enjoy the day listening to some great music. If not, just spend a few minutes looking back in time to when you loved your eight track tapes!   Did you know? Eight track tapes were created by the jet maker William Lear. Anybody have a matchbook?
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REMEMBER TO BRING YOUR CASH TO THE NEXT LUNCHEON! -Raffle tickets are on sale for a chance to be entered to win a free registration to the CFMA National Conference in Orlando, Florida this June!!! $ 1,095 Value -Raffle tickets are $10 each OR 3 for $25. - Drawing will be held at the April luncheon. -Two Registrations will be awarded AND proceeds raised from the raffle will be split between the two winners!!!
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