IR&D/B&P Cost Principle Revisions

NSIAD-93-99R: Published: Dec 23, 1992. Publicly Released: Dec 23, 1992.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a legislative requirement, GAO provided information on regulatory changes to Department of Defense contractors' allowable research and development costs. GAO noted that: (1) revisions to the independent research and development/bid and proposal (IR&D/B&P) cost principles were consistent with recent legislation; (2) the regulatory changes increased contractors' maximum allowable IR&D/B&P costs and helped reduce contract cost misclassification; (3) because of potentially large increases in contractor research and development costs, close oversight and impact assessments will be needed to control IR&D/B&P costs; (4) the Defense Contract Audit Agency will continue to provide financial information on contractor IR&D/B&P expenditures and reimbursements; and (5) the Office of Technology Assessment will report on whether the regulatory changes are encouraging greater contractor research and development investment.

Nov 8, 2018

Nov 5, 2018

Nov 2, 2018

Nov 1, 2018

Oct 23, 2018

Oct 11, 2018

Oct 10, 2018

Oct 9, 2018

Sep 24, 2018

Looking for more? Browse all our products here