Contract Pricing:

Material Prices Overstated on Tank Thermal Sights

NSIAD-88-54: Published: Feb 5, 1988. Publicly Released: Feb 5, 1988.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO reviewed the Army's contract for the production of tank thermal sights, to determine whether the: (1) contractor provided accurate, complete, and current cost data in compliance with the Truth in Negotiations Act; and (2) contracting officer used the data to negotiate fair and reasonable prices.

GAO found that the: (1) contractor's cost and pricing data generally complied with the act; (2) contract price was overstated by $6.1 million; (3) Army did not correctly use the contractor's specific purchase order and vendor option data; (4) Army did not use the final materiel update that the contractor submitted; and (5) Army did not require the contractor to maintain verifiable records to substantiate its overage and scrap rates.

Sep 22, 2016

Sep 21, 2016

Sep 19, 2016

Sep 12, 2016

Sep 8, 2016

Sep 7, 2016

Sep 6, 2016

Aug 25, 2016

Looking for more? Browse all our products here