Financial Management: March 2004 Archives

13 March 2003: Important Notice to all NASA LaRC Contractors

"The Center's Deputy Chief Financial Officer for Finance has determined that it is prudent to make early payments prior to closing the legacy financial system. Invoices received between April 16 and May 7, 2003, will not be subject to the Prompt Payment Act waiting period and will be paid early."

11 March 2003: NASA OIG: NASA'S Reduction of Undefinitized Contract Actions, NASA OIG (link to full report)

"We found that NASA had significantly reduced both the number and dollar amount of UCAs since the General Accounting Office highlighted them as one reason for identifying contract management as a major management challenge for NASA. By November 30, 2002, NASA had reduced the number of UCAs to 19 with a total estimated value of $61 million, representing reductions of about 90 percent in the number of UCAs and 97 percent in estimated dollar value. We also found that three Centers reviewed had inconsistent policies, which could cause inaccurate UCA reporting on certain relatively low-value contracts."


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This page is an archive of entries in the Financial Management category from March 2004.

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