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
... performance of the contract . In 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 ...
... performance of the contract . In 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 ...
Page 11
... performance to fixed - price contracts . In these cases GAO expressed concern that the contractor earned a profit which GAO considered excessive because actual costs turned out to be lower than anticipated . The Bainbridge report is a ...
... performance to fixed - price contracts . In these cases GAO expressed concern that the contractor earned a profit which GAO considered excessive because actual costs turned out to be lower than anticipated . The Bainbridge report is a ...
Page 31
... performance ? Mr. BANNERMAN . That is correct . Mr. ROBACK . And the Comptroller General recommended in this case that payments be made to the contractor not on the basis of the award price , since there were some changes to the ...
... performance ? Mr. BANNERMAN . That is correct . Mr. ROBACK . And the Comptroller General recommended in this case that payments be made to the contractor not on the basis of the award price , since there were some changes to the ...
Page 33
... performance , and reimburse him up to that point as if he had entirely completed the contract . Mr. ROBACK . In quantum meruit what do you lose ? Mr. NASH . We measure the value of what the Government got . The two are not necessarily ...
... performance , and reimburse him up to that point as if he had entirely completed the contract . Mr. ROBACK . In quantum meruit what do you lose ? Mr. NASH . We measure the value of what the Government got . The two are not necessarily ...
Page 44
... performance of and involv- ing transactions relating to such contracts and subcontracts . The Hardy amendment was adopted by the House , and the legis- lation with the Hardy amendment , was approved by the Congress and became Public Law ...
... performance of and involv- ing transactions relating to such contracts and subcontracts . The Hardy amendment was adopted by the House , and the legis- lation with the Hardy amendment , was approved by the Congress and became Public Law ...
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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.