Defense Contractor Restructuring: First Application of Cost and Savings Regulations.

Abstract

Section 818 of the National Defense Authorization Act for Fiscal Year 1995 (P.L. 103-337) restricts Department of Defense (DOD) payments to contractors for costs associated with business combinations. Specifically, it prohibits the payment of restructuring costs, such as those associated with closing facilities and eliminating jobs, until a senior DOD official certifies that projected savings from the restructuring are based on audited data and should result in overall reduced costs to DOD. In response to section 818 requirements, DOD issued interim regulations on restructuring costs effective December 29,1994.

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Document Details

Document Type
Technical Report
Publication Date
Apr 01, 1996
Accession Number
ADA307065

Entities

Organizations

  • United States Government Accountability Office

Tags

DTIC Thesaurus Topics

  • Acquisition
  • Business Administration
  • Combat Vehicles
  • Congress
  • Contract Administration
  • Contractors
  • Contracts
  • Defense Industry
  • Department Of Defense
  • Fixed Price Contracts
  • Governments
  • Manufacturing
  • Military Acquisition
  • National Security
  • Procurement
  • Regulations
  • United States

Readers

  • Defense Financial Management and Audit.
  • Government and Public Administration Law.
  • Life Cycle Cost Analysis