Controls Over Fuel Payments.

Abstract

The Defense Fuel Supply Center (DFSC) purchases about $3.3 billion in bulk petroleum fuel annually. Bulk fuel contracts include an economic price adjustment clause. The contracts provide that the price paid for fuel will be the market price at the time fuel is delivered. The applicable market price is not determined until several months after the delivery date and usually requires that the interim payment to the contractor be adjusted. When fuel prices are rising, underpayments result. When prices are falling, overpayments occur.

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Document Details

Document Type
Technical Report
Publication Date
Jul 16, 1991
Accession Number
ADA378953

Entities

Organizations

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

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Accounting
  • Air Force
  • Air Force Facilities
  • Comptrollers
  • Congress
  • Contractors
  • Contracts
  • Department Of Defense
  • Finance
  • Fuels
  • Governments
  • Law
  • Logistics
  • Logistics Support
  • Materials
  • Performance Tests
  • Sampling

Readers

  • Energy Conservation and Renewable Energy Engineering.
  • Government Contracting/Procurement.