No, I don't agree at all. This does not mean that the contracts had no value. What the Auditor General said was that she disagreed with the 15% payment to CAC for granting the contracts. She didn't necessarily say that the contracts weren't good, but rather that she disagreed with the RCMP paying a 15% commission. But that is how things work at CAC.
On May 7th, 2007. See this statement in context.