An analysis by NBC News of Witt Associates invoices contained in state records show that the company?s top manager in Louisiana, Mark Merritt, tallied $506,000 in billable hours over the 10-month span from September 2005 through June 2006. One of bills totaled $92,675 for a single month?s work by Merritt ? nearly as much as the state pays Gov. Blanco for the entire year. (Other monthly bills for Merritt?s work include $78,375, $80,850 and $63,800.)
Wow, It's no wonder Katrina rebuilding has cost more than other hurricane events. Sheesh.Witt Associates reaps its biggest windfall, however, from billing the state double what it actually pays its subcontractors. Those 100 percent markups yield millions of dollars for Witt Associates for doing what insiders say is little more than clerical work.