Fed IG: Federal Reserve: Evaluation of the Eccles-1951 Renovation Project Management and Construction Costs
October 14, 2026
October 14, 2026
WASHINGTON, Oct. 14 (TNSLrpt) -- The Federal Reserve Inspector General issued the following report on September 29, 2026, entitled "Federal Reserve: Evaluation of the Eccles-1951 Renovation Project Management and Construction Costs."
Here are excerpts:
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We found that the Board has not effectively managed and executed its "construction manager at risk" (CMAR) contract and repeatedly deviated from its cost-management provisions. While . . .
Here are excerpts:
* * *
We found that the Board has not effectively managed and executed its "construction manager at risk" (CMAR) contract and repeatedly deviated from its cost-management provisions. While . . .