Internal Controls: Controls Over Material Furnished to Navy Contractors Can Be Improved

Abstract

GFM includes parts, assemblies, and raw and processed materials used in research, development, production, maintenance, and repair of final products, such as tanks, aircraft, and ships. GFM is also used to support services provided by contractors at military installations. Under theFederal Acquisition Regulation, contractors are generally required to provide material to complete a product and fulfill their contracts; however, the government provides GFM when it is considered to be in its best interest. As of September 30, 1980, DOD estimated that U.S. Navy contractors held about $6.2 billion of GFM.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1988
Accession Number
AD1178458

Entities

People

  • Frank C. Conahan

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Air Force
  • Aircraft Equipment
  • Aircrafts
  • Computer Science
  • Congress
  • Contract Administration
  • Contractors
  • Contracts
  • Control Systems
  • Department Of Defense
  • Governments
  • Inventory
  • Logistics
  • Materials
  • Naval Air Stations
  • Nose Cones
  • Procurement
  • Submarine Bases
  • United States

Readers

  • Government Contracting/Procurement.
  • Marksmanship and Weaponry.
  • Software Engineering