Comptroller General Reports to Congress on Audits of Defense Contracts: Hearing, 89-1, May 10 - July 8, 19681965 - 1075 pages |
From inside the book
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Page 10
... fact , in many situations a negative incentive may develop leading to stretch- outs and increased costs . This was one of the reasons for the repeated instances in the past in which final costs under CPFF contracts ex- ceeded estimated ...
... fact , in many situations a negative incentive may develop leading to stretch- outs and increased costs . This was one of the reasons for the repeated instances in the past in which final costs under CPFF contracts ex- ceeded estimated ...
Page 22
... fact been some misstatement of a relevant fact on which we had relied . We do feel , and we think the Congress feels the same way - as was evidenced by Public Law 87-653 , the so - called truth - in - negotiations bill - we feel that ...
... fact been some misstatement of a relevant fact on which we had relied . We do feel , and we think the Congress feels the same way - as was evidenced by Public Law 87-653 , the so - called truth - in - negotiations bill - we feel that ...
Page 24
... fact , it was wrong at the time it was done . The key point here is that the facts must have been wrong when presented . We hope that he will find ways to reduce costs thereafter . If he does , and it is a fixed- price contract , the ...
... fact , it was wrong at the time it was done . The key point here is that the facts must have been wrong when presented . We hope that he will find ways to reduce costs thereafter . If he does , and it is a fixed- price contract , the ...
Page 29
... fact that there is no statute of limitations , if it is a problem . Maybe it is not a problem . Mr. BANNERMAN . Mr. Horton , to the best of my knowledge this question has not really arisen in connection with any of our current ...
... fact that there is no statute of limitations , if it is a problem . Maybe it is not a problem . Mr. BANNERMAN . Mr. Horton , to the best of my knowledge this question has not really arisen in connection with any of our current ...
Page 30
... fact that you have docked him some moneys on a mistaken representation ? Mr. BANNERMAN . That is correct . Mr. ROBACK . There is no reason to believe that he is a crook , let us say , because you have taken some money from him ? Mr ...
... fact that you have docked him some moneys on a mistaken representation ? Mr. BANNERMAN . That is correct . Mr. ROBACK . There is no reason to believe that he is a crook , let us say , because you have taken some money from him ? Mr ...
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Common terms and phrases
ABBADESSA Accounting Office action administrative Air Force aircraft Alcoa amount Army Assistant Secretary Audit Agency audit reports auditors automatic data processing award BANNERMAN basis believe CAMPBELL Chairman claim committee Comptroller Congress contract audit contracting officer contractor correct cost data cost or pricing DAHLIN decision defense contracts Department of Defense Department of Justice determination disallowance DOUGLAS draft report equipment fact Fairbanks-Morse False Claims Act final report fixed-price contract furnished GAO audit GAO reports GAO's HOLIFIELD HORTON IGNATIUS involved issue judgment Justice Department KELLER LUEVANO matter Melpar ment military million MUNVES Navy NEFFNER NEWMAN operations payments percent performance position pricing data prime contractor problem procedures procurement profit Public Law question RACUSIN reasonable recommendations record referred request responsibility ROBACK Secretary of Defense statement statute subcommittee subcontract submitted testimony tion U.S. Army voluntary refund Westinghouse
Popular passages
Page 90 - All claims and demands whatever by the Government of the United States or against it, and all accounts whatever in which the Government of the United States is concerned, either as debtor or creditor, shall be settled and adjusted in the General Accounting Office.
Page 41 - Act shall include a clause to the effect that the Comptroller General of the United States or any of his duly authorized representatives shall, until the expiration of three years after final payment, have access to and the right to examine any directly pertinent books, documents, papers, and records of the contractor or any of his subcontractors engaged in the performance of and involving transactions related to such contracts or subcontracts.
Page 48 - The comptroller general shall investigate, at the seat of government or elsewhere, all matters relating to the receipt, disbursement, and application of public funds...
Page 573 - Most funds now spent on research are channeled to private contractors through the Department of Defense, the National Aeronautics and Space Administration, and the Atomic Energy Commission.
Page 697 - Sec. 3167. It shall be unlawful for any collector, deputy collector, agent, clerk, or other officer or employee of the United States to divulge or to make known in any manner whatever not provided by law to any person the operations, style of work, or apparatus of any manufacturer or producer visited by him in the discharge of his official duties...
Page 512 - Contractor further agrees to include in all his subcontracts hereunder a provision to the effect that the subcontractor agrees that the Comptroller General of the United States or any of his duly authorized representatives shall, until the expiration of three years after final payment under the subcontract, have access to and the right to examine any directly pertinent books, documents, papers, and records of such subcontractor, involving transactions related to the subcontract. The term "subcontract...
Page 576 - Office in accordance with the principles and procedures applicable to commercial corporate transactions and under such rules and regulations as may 'be prescribed by the Comptroller General of the United States.
Page 41 - Congress at the beginning of each regular session, a report in writing of the work of the General Accounting Office, containing recommendations concerning the legislation he may deem necessary to facilitate the prompt and accurate rendition and settlement of accounts and concerning such other matters relating to the receipt, disbursement, and application of public funds as he may think advisable. In such regular report, or in special reports at any time when Congress is in session, he shall make...
Page 697 - ... the amount or source of income, profits, losses, expenditures, or any particular thereof, set forth or disclosed in any income return...
Page 338 - Contractor, was then of said Corporation; that said Contract was duly signed for and in behalf of said Corporation by authority of its governing body, and is within the scope of its corporate powers.