RTC Western Storm Follow-up

GGD-93-8R: Published: Dec 4, 1992. Publicly Released: Jan 4, 1993.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO provided: (1) an assessment of the Resolution Trust Corporation's (RTC) efforts to correct contracting deficiencies in the Western Storm Project; and (2) the results of its inquiry into alleged criminal conduct relating to the award and performance of the Western Storm contract. GAO noted that: (1) poor planning, poor oversight, and the use of an improper contracting vehicle created an unmanageable project; (2) RTC has made some improvements in its contracting process, but these changes increased RTC vulnerability to fraud, waste, and abuse; (3) RTC clarified its delegations of authority to issue contracts and introduced a program to help promote fair and adequate competition; (4) RTC complied with procedures that related to fitness and integrity examinations of contractor personnel; and (5) there was no evidence of criminal conduct in the Western Storm contract award.

Oct 17, 2016

Sep 29, 2016

Sep 6, 2016

Jul 25, 2016

Jul 5, 2016

May 6, 2016

Apr 21, 2016

Apr 18, 2016

Apr 12, 2016

Mar 28, 2016

Looking for more? Browse all our products here