DoD Contract Payments: Management Action Needed to Reduce Billions in Adjustments to Contract Payment Records

Abstract

GAO has reported that the Department of Defense's (DOD) inability to accurately account for and report on disbursements is a long-term, major problem. GAO was requested to determine (1) the magnitude of the adjustments and related costs in fiscal year 2002, (2) why contracts, including payment terms, are so complex, (3) the key factors that caused Defense Finance and Accounting Service (DFAS) Columbus to make payment adjustments, and (4) what steps DOD is taking to address the payment allocation problems.

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Document Details

Document Type
Technical Report
Publication Date
Aug 08, 2003
Accession Number
AD1153035

Entities

People

  • Dennis B. Fauber
  • Francine M. Delvecchio
  • Francis L. Dymond
  • Gregory D. Kutz
  • Harold P. Santarelli
  • Keith E. Mcdaniel

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Air Force
  • Business Administration
  • Commerce
  • Congress
  • Contract Administration
  • Contractors
  • Contracts
  • Cost Reimbursement Contracts
  • Data Links
  • Department Of Defense
  • Disbursements
  • Electronic Mail
  • Engineering
  • Finance
  • Financial Management
  • Governments
  • Ground Stations
  • Instructions
  • Internet
  • Law
  • Payment
  • Procurement
  • United States
  • Websites

Readers

  • Defense Acquisition Program Management
  • Defense Financial Management and Audit.