Actually, the money that goes towards engineers and materials is about 20%. The big money goes towards overhead. Manager upon manager, etc. Then a modest 6% profit is tacked onto all that. The government has targeted profits instead of where they should target: overhead.
I'd say mostly typical. Sink a ton of money into a project, "lose" a lot of that money in accounting, and then profit.
Actually, the money that goes towards engineers and materials is about 20%. The big money goes towards overhead. Manager upon manager, etc. Then a modest 6% profit is tacked onto all that. The government has targeted profits instead of where they should target: overhead.
Add in nonstop change orders bringing totals to many multiples of the original contracts.
Exactly right. Change orders open the floodgates.