Financial Management: December 2014 Archives

NASA OIG: Costs Incurred on NASA's Cost-Type Contracts

"We found NASA is at increased risk of paying unallowable, unreasonable, and unallocable incurred costs and of losing the opportunity to recoup improper costs because Agency contracting officers rely too heavily on DCAA's incurred cost audit process. Under its new, risk-based methodology, DCAA has significantly decreased the number of contractor proposals it audits in an effort to reduce its 6-year backlog of incurred cost proposals awaiting review. However, NASA contracting officers generally wait for a DCAA audit and do not perform additional oversight to ensure the appropriateness of contractor costs."

OIG Report: NASA's Use of Blanket Purchase Agreements

"NASA Contracting Officials Using GSA Schedule Agreements Did Not Maximize Competition or Seek Vendor Price Discounts. Our sample included 23 orders obtained using 14 different GSA schedule agreements. We found deficiencies in 12 of these 14 agreements. Specifically, for 9 of the agreements NASA contracting officials established single- rather than multiple-award agreements without preparing written justifications or failed to request price discounts from vendors when establishing the agreements. For all 12 agreements, contracting officials failed to conduct required annual reviews. These deficiencies occurred because contracting officials were unaware of requirements or wanted to avoid the additional effort required to compete orders."


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This page is an archive of entries in the Financial Management category from December 2014.

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