Contract Pricing: Status of DOD Defective Pricing

Pursuant to a congressional request, GAO provided information about Department of Defense (DOD) activities' reporting of defective contract prices, due to contractors' failure to disclose accurate, complete, and current cost data, focusing on the: (1) extent to which the activities sustained Defense Contract Audit Agency (DCAA) recommendations to recover overpayments; and (2) DOD Inspector General (IG) role in overseeing the follow-up process.