Contract Pricing: Improving Defense Management and Oversight

Abstract

A principal concern in noncompetitive procurements has been the limited cost or pricing information supporting contractors' proposals that is available to the government at the time of negotiations. Recognizing the government's vulnerability to inflated contract prices in such situations, the Congress passed the Truth in Negotiations Act in 1962. The act, codified at 10 U.S.C. 2306a, requires prime contractors and subcontractors to submit cost or pricing data supporting their proposed prices and to certify that the data are accurate, complete, and current.

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Document Details

Document Type
Technical Report
Publication Date
Jun 04, 1992
Accession Number
AD1102940

Entities

People

  • Frank C. Conahan

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Acquisition
  • Auditing
  • Business Administration
  • Contract Administration
  • Contractors
  • Contracts
  • Databases
  • Deficiencies
  • Department Of Defense
  • Fixed Price Contracts
  • Governments
  • Law
  • Military Acquisition
  • Procurement
  • Risk
  • Risk Analysis
  • Vulnerability

Readers

  • Government Contracting/Procurement.
  • Government and Public Administration Law.