Government Contracting:

A Proposal for a Program To Study the Profitability of Government Contractors

NSIAD-87-175: Published: Sep 17, 1987. Publicly Released: Sep 17, 1987.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO proposed legislation to study the profitability of government contractors and: (1) require major government contractors to annually report financial results to an official designated by the President; (2) define criteria for determining which companies will be subject to reporting requirements; and (3) create a Department of Defense (DOD) Profit Reporting Program.

GAO believes the program should require: (1) a consistent methodology to evaluate profitability; (2) a means to establish the reliability of contractor-furnished data; and (3) mandatory contractor participation. GAO found that contractors and agencies remain opposed to the program because they believe that: (1) DOD ad hoc studies of contractor profitability would be adequate; (2) the costs of the study would outweigh the benefits; and (3) the government could not adequately protect proprietary information.

Sep 25, 2020

Sep 23, 2020

Sep 10, 2020

Sep 8, 2020

Aug 31, 2020

Aug 27, 2020

Aug 19, 2020

Jul 9, 2020

Jul 1, 2020

Looking for more? Browse all our products here