Comptroller General Reports to Congress on Audits of Defense Contracts: Hearings, Eighty-ninth Congress, First Session, Part 1Considers GAO reports on DOD and AEC contracting practices. |
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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 ASPR Assistant Secretary Audit Agency audit reports auditors award BANNERMAN basis believe CAMPBELL Chairman committee Comptroller Congress contract audit contracting officer contractor Corp correct cost data DAHLIN dated decision defense contracts Department of Defense Department of Justice determination disallowance DOD comments DOUGLAS draft report equipment estimate fact final report fixed-price contract furnished GAO finding GAO report GAO's Hamilton Standard HOLIFIELD HORTON involved issued judgment KELLER matter Melpar ment military million MUNVES Navy NEFFNER negotiated operations payments percent performance Pratt & Whitney pricing data prime contractor problem procedures procurement production profit Public Law quantum meruit question RACUSIN reasonable recommendations records request responsibility result ROBACK Secretary of Defense statement statute subcommittee subcontract submitted tion U.S. Army United Aircraft Corp unnecessary costs voluntary refund Westinghouse
Popular passages
Page 88 - 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 46 - 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 699 - 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 355 - ... and shall be required to certify that, to the best of his knowledge and belief, the cost or pricing data he submitted was accurate, complete and current...
Page 702 - ... trade secrets, processes, operations, style of work, or apparatus, or to the identity, confidential statistical data, amount or source of any income, profits, losses, or expenditures of any person, firm, partnership, corporation, or association...
Page 42 - ... 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 516 - 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 39 - 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 699 - ... the amount or source of income, profits, losses, expenditures, or any particular thereof, set forth or disclosed in any income return...
Page 342 - 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.