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USAID contractors warn of shutdowns and lawsuits with millions owed

Business Standard LogoBusiness Standard13h ago

USAID contractors warn of shutdowns and lawsuits with millions owed - Business Standard

Quick Summary:

DAI, which has already furloughed more than 500 US-based staff, said it now risks fines, tax penalties and legal action from several vendors, and could face lawsuits if it’s forced to suspend as many as 4,000 additional overseas staff without pay in violation of local labor laws.

The plaintiffs in the case featuring DAI have repeatedly urged the judge to force the government to pay what it owes, and nonprofit organizations suing in a separate but related case have even asked to find the US in contempt of court — which the judge has not done.

USAID managed roughly $43 billion in 2023 and works mainly through contractors that execute projects on its behalf around the world — with some firms doing hundreds of millions of dollars worth of development projects each year, mostly at low margins.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 08:55:14 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 834 words

Reading Time: 5 minutes read

Sentences: 21 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26449739

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 230 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://chronographically.beamstart.com/news/usaid-contractors-warn-of-shutdowns-17405407015770

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