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.

Jan 21, 2021

Jan 19, 2021

Jan 14, 2021

Jan 12, 2021

Dec 10, 2020

Dec 2, 2020

Nov 20, 2020

Nov 19, 2020

Looking for more? Browse all our products here