DOD Procurement: Funds Returned by Defense Contractors

NSIAD-98-46R Published: Oct 28, 1997. Publicly Released: Oct 28, 1997.

Highlights

Pursuant to a congressional request, GAO reported on money returned to the Defense Finance and Accounting Service's (DFAS) Columbus Center by defense contractors, focusing on: (1) the Center's process to record, research, and categorize money returned by defense contractors; (2) the dollar value of checks received since fiscal year (FY) 1993; and (3) the results of the Center's research on the cause of the returned amounts.

Full Report

Full Report (8 pages)

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Chuck Young

Managing Director

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(202) 512-4800

Topics

National Defense

Contractor paymentsDefense cost controlDepartment of Defense contractorsErroneous paymentsFederal agency accounting systemsOverpaymentsRefunds to governmentDefense contractorsProcurementData errors