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Contract Pricing: Overpricing B-1 Engine Fan Blade Subcontract

NSIAD-88-100 Published: Jan 28, 1988. Publicly Released: Jan 28, 1988.
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Highlights

GAO reviewed a subcontractor's pricing procedures under a multi-year contract to supply fan blades for the Air Force's B-1 Bomber to determine whether the subcontractor included unallowable costs in its proposal to the prime contractor.

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Topics

Air Force procurementContract costsEquipment contractsFixed price contractsInternal controlsIrregular procurementSubcontractorsOverhead costsMilitary forcesBomber aircraft