Contract Actions for Leased Equipment

Abstract

Federal Acquisition Regulation (FAR), subpart 7.4, "Equipment Lease or Purchase," provides policy guidance, procedures, and acquisition considerations pertaining to the decision to acquire equipment by lease or purchase. The guidance requires agencies to perform a case-by-case evaluation of comparative costs and other factors when determining whether to lease or purchase equipment. The Defense Contract Action Data System showed that from October 1, 1995, through February 28, 199?, DoD Components awarded approximately 2,300 contract actions for leased equipment valued at about $311 million Our audit reviewed 237 contract actions valued at about $69.1 million. The audit results were projected to the adjusted universe of 1,295 contract actions valued at about $146.8 million. The overall audit objective was to evaluate the requirements for, and management of; leased equipment purchases by the Military Departments and Defense agencies.

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Document Details

Document Type
Technical Report
Publication Date
Jun 30, 1999
Accession Number
ADA366357

Entities

Organizations

  • Office of the Inspector General, U.S. Department of Defense

Tags

Communities of Interest

  • Cyber
  • Human Systems
  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Air Force Facilities
  • Business Administration
  • California
  • Capital Investments
  • Commerce
  • Contract Administration
  • Contractors
  • Contracts
  • Department Of Defense
  • Economic Analysis
  • Financial Management
  • Governments
  • Intrusion Detectors
  • Military Acquisition
  • Test And Evaluation
  • United States
  • United States Transportation Command

Readers

  • Defense Financial Management and Audit.
  • Public Financial Management and Budgeting
  • Systems Analysis and Design