Fiscal Year 1983 Prompt Payment Act Performance.

Abstract

This thesis studies the problems of Coast Guard payment offices in making timely commercial invoice payments, and the accuracy of reports of interest penalties and early payments, required by the Prompt Payment Act and OMB Circular No. A-125. The results of this study indicate errors in the collection of early payment and interest penalty data, and subjective interpretations as to the causes for such payments and penalties. A review of these reasons and other problems leads to the development of several models to estimate the magnitude of such payments and to evaluate the relative performance of payment offices. This review also indicates the desirability of automation, administrative measures to reduce early payments and interest penalties, and improved reporting.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1984
Accession Number
ADA148790

Entities

People

  • R. W. Freitas

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Accuracy
  • Coast Guard
  • Commerce
  • Congress
  • Control Systems
  • Data Analysis
  • Governments
  • Measurement
  • National Governments
  • Organizational Structure
  • Personnel Management
  • Sampling
  • Statistical Analysis
  • Statistical Sampling
  • United States
  • United States Government

Readers

  • Government Contracting/Procurement.
  • Systems Analysis and Design