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Overpricing on Naval Nuclear Contract

NSIAD-85-92 Published: Sep 30, 1985. Publicly Released: Sep 30, 1985.
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Highlights

GAO evaluated the reasonableness of prices negotiated for two fixed-price incentive contracts the Department of Energy's (DOE) Pittsburgh and Schenectady Naval Reactors Offices awarded for nuclear reactor cores.

Full Report

Full Report (10 pages)

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Topics

Budget and Spending
Contract administrationContract costsCosting errorsExcess profitsFederal procurementFixed price incentive contractsMilitary cost controlNuclear reactorsPrice adjustmentsProcurement regulations