Observations Concerning Profit Rates on Selected Navy Contracts
PLRD-83-27
Published: Apr 12, 1983. Publicly Released: May 12, 1983.
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Highlights
In response to a congressional request, GAO reviewed allegations concerning possible excess profits under Department of Defense contracts with four corporations to determine whether the profits discussed were normal for similar work and whether there were any special circumstances which accounted for these profits. In addition, GAO obtained other financial information that has been considered relevant in past determinations of excessive profits.
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Contract administrationContract costsContract oversightContractor paymentsContractor personnelDefense procurementExcess profitsMilitary forcesBid proposalsProfits