[Comments on Proposed FAR Changes]
B-205208
Published: Nov 29, 1985. Publicly Released: Nov 29, 1985.
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Highlights
GAO commented on proposed changes to parts of two Federal Acquisition Regulation contract clauses which provide for adjustments to a contract price or cost allowance if a contractor's failure to comply with applicable cost accounting standards or practices results in increased costs to the government. Both clauses provide that the adjustment consist of the increase in costs plus interest. GAO found that the proposed changes were consistent with the requirements of the 1986 Department of Defense Authorization Act and, therefore, it had no objection to them.
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Contract costsCost accounting standards complianceDefense cost controlFederal regulationsInterest ratesFederal acquisition regulationsDefense budgetsContract termsAccounting standards