Contract Pricing: Obligations Exceed Definitized Prices on Unpriced Contracts
NSIAD-86-128
Published: May 02, 1986. Publicly Released: May 19, 1986.
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Highlights
Pursuant to a congressional request, GAO reviewed the Department of Defense's (DOD) use of unpriced contracts to determine if contracting officers were using them properly and pricing them on time.
Recommendations
Recommendations for Executive Action
Agency Affected | Recommendation | Status |
---|---|---|
Department of Defense | The Secretary of Defense should: (1) review existing unpriced contracts to deobligate excess funds; and (2) implement controls on a DOD-wide basis to prevent excess obligations on future unpriced contracts. |
Closed – Implemented
DOD fully concurred with and implemented this recommendation. An accomplishment report is in process.
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Topics
Contract administrationContract costsDefense cost controlFinancial managementObligated budget balancesProcurement practicesMilitary forcesInternal controlsFederal agency accounting systemsContract terms