Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Contract Pricing: Overpricing of Joint Cruise Missiles Automatic Test Equipment

  Premium   Download PDF Now (16 pages)
Report Type Reports and Testimonies
Report Date Oct. 24, 1988
Report No. NSIAD-89-9
Subject
Summary:

GAO reviewed a Navy contract for automatic test equipment to determine whether the contractor complied with the Truth in Negotiations Act by providing accurate, complete, and current cost data.

GAO found that the contractor overstated the contract price by $1,239,361 because: (1) the subcontractor did not provide it with the most current pricing information for materials; and (2) it did not use the most current pricing information it had for five power management centers.

« Return to search Government Accountability Office reports