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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Government purchasing
Languages : en
Pages : 20
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Government purchasing
Languages : en
Pages : 20
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Book Description
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781719486972
Category :
Languages : en
Pages : 32
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Book Description
Defense Contracting: Terminating Major Weapons Contracts for the Government's Convenience
Author: U S Government Accountability Office (G
Publisher: BiblioGov
ISBN: 9781289073343
Category :
Languages : en
Pages : 22
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Book Description
The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Author:
Publisher: DIANE Publishing
ISBN: 1437903355
Category :
Languages : en
Pages : 39
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Book Description
The nation's long-term fiscal imbalances will likely make DOD's 1.6 trillion planned investment in new weapon systems unsustainable. Thus, it is critical that DOD retains the flexibility to end programs and contracts when necessary and appropriate. Although the federal government generally has the legal right to terminate contracts for convenience, defense stakeholders have sometimes expressed concerns that it will cost more to terminate a contract than to complete it. To address this perception, GAO examined (1) how expected contract termination costs and other factors affect DOD decisions on whether to end programs and contracts; (2) the circumstances under which it would cost more to terminate a contract for convenience than to complete it; and (3) the options DOD has for retaining value or reducing costs, when DOD ends programs or contracts. To do this, GAO examined DOD data on terminated contracts over $100 million; reviewed laws, regulations, and guidance; and met with key DOD officials. GAO recommends that DOD review, and as needed amend, guidance on terminations across the military services and DOD agencies to ensure that termination guidance identifies the conditions under which it is appropriate to end programs or contracts, and provides knowledge needed to use terminations as an investment portfolio tool. DOD agreed.
Author: Charles E. Meddaugh
Publisher:
ISBN:
Category : Defense contracts
Languages : en
Pages : 16
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Book Description
Author: Andrew D. Roche
Publisher:
ISBN:
Category :
Languages : en
Pages : 107
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Book Description
Many contract termination actions initiated because of contractor default are subsequently executed for the convenience of the Government. This may result in the loss of the Government's right to recover excess reprocurement costs and other damages. The research effort was designed to determine the scope of the problem and, by analyzing individual cases, to identify common elements leading to termination conversions. United States Air Force contracts over a three-year period were studied, including both those terminations for default that were appealed to the Armed Services Board of Contract Appeals and those converted to termination for convenience by negotiation at the contracting officer level. The investigation was hampered by decentralized data but some conclusions were drawn, especially that most termination conversions are negotiated at the contracting officer level. The use of data base management systems was recommended so that data could be centrally collected for further research and management of this problem area. (Author).
Author:
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 52
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 74
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Book Description
The administrative phase of contracts terminated for convenience begins when the contracting officer issues a termination notice to the contractor and ends with final settlement and payment of the contractor's termination claim. Federal Acquisition Regulations (FAR) provide general guidelines to administer contract terminations. Within DoD, the Defense Logistics Agency has overall responsibility for administration and settlement of nearly all contracts terminated for convenience. We performed the audit to evaluate the effectiveness of the DoD policies and procedures for administering contracts terminated for convenience. We also evaluated the effectiveness of applicable internal controls and reviewed implementation of the DLA Internal Management Control Program, as it pertained to the administration of contracts terminated for convenience. The audit showed that DLA took an average of nearly 2 years to settle contracts terminated for convenience. This greatly reduced the ability of DoD to redistribute an estimated $412 million of materials and property (Finding A). In addition, DLA did not effectively manage the contract terminations program. As a result, management lacked an effective basis to determine the resources needed to administer 6,200 contract terminations, valued at about $6.4 billion (Finding B). Prior to our audit, DLA had recognized the need to improve and strengthen controls over the termination program. Recent action by DLA to implement the Termination Automated Management System was helpful. Nevertheless, we concluded that DLA management did not have adequate visibility and oversight of the contract termination program in the midst of a major reorganization and lacked an effective basis to determine the resources needed to administer contract terminations within DoD. Internal controls were not adequate to effectively and efficiently administer contract terminations and to.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Administrative agencies
Languages : en
Pages : 344
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Book Description
Author:
Publisher:
ISBN:
Category : Public contracts
Languages : en
Pages : 1504
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Book Description
