ADP Acquisitions: Lessons Learned From SEC's Edgar Pilot Test
IMTEC-87-31
Published: Aug 06, 1987. Publicly Released: Sep 10, 1987.
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Highlights
GAO reviewed the Securities and Exchange Commission's (SEC) Electronic Data Gathering, Analysis, and Retrieval System (EDGAR) pilot program to determine: (1) the cost-effectiveness of the pilot program compared to contract cost; (2) whether SEC met its scheduled pilot development; (3) the types of functions developed in EDGAR compared to the original requirements; (4) the feasibility of additional function development; and (5) whether SEC contract administration practices were adequate.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| United States Securities and Exchange Commission | The Chairman, SEC, should direct the contracting officer for the operational EDGAR procurement to ensure that the price of contractor-furnished automatic data processing (ADP) equipment is specifically negotiated prior to contract award to obtain the lowest reasonable cost to the government. |
Closed – Implemented
As stated in the current request for proposals for operational EDGAR, SEC will negotiate the price of contractor-furnished ADP equipment/software based on an assessment of offerers' prices by the GSA Federal Computer Performance Evaluation and Simulation Center.
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Topics
IT acquisitionsComputer equipment contractsSoftware verification and validationContract administrationCost effectiveness analysisFinancial managementGovernment information disseminationInformation systemsSystems designTesting