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Government Contracting: Compensation of Defense Contractors' Working Capital Financing Costs

NSIAD-90-33 Published: Jan 31, 1990. Publicly Released: Jan 31, 1990.
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Highlights

Pursuant to a congressional request, GAO reviewed the Department of Defense's (DOD) profit policy, used by contracting officials to establish a profit objective for contract negotiating purposes, to determine whether it appropriately considered the important factors that affected contractors' working capital costs.

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Topics

Auditing and Financial Management
CapitalContract costsContractor paymentsDefense cost controlDefense procurementDepartment of Defense contractorsFixed price contractsMathematical analysisProfitsProjections