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B-159724 1 (1973-03-22)

handle is hein.gao/gaobaaggq0001 and id is 1 raw text is: K...P UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 PROCUREM ENT AND SYSTEMSIIIl llll IJJJlIIlIli ACQUISITION DIVISION LM096426 B-159724 mAR 2 2 1973 The Honorable Elliot L. Richardson The Secretary of Defense Attention: Assistant Secretary of Defense (Comptroller) Dear Mr. Secretary: We reviewed the contracting officials' practices in . settling Defense Contr4y _- repQ,5.sr_,pqom- me-- i 'ons in contract hat DCAA be v e5, , Tcau e. n tractors s .hnEaa asb'i.ltte acos.-t ..or pric - iz-da ~ awha-t -was- noct--aGu~r.te -comp-le~t e..,o.ourrent (de fec - tive data). The requirements for contractors to submit cost or pricing data and certificates and the Government's rights to price reductions are covered in the Truth-In-Negotiations Act. We wanted to find out (1) whether DCAA reports were providing contracting officials with the information needed to reduce contract prices when such prices had been increased because defective data had been submitted, (2) why the offi- cials had determined that they did not have a basis to reduce contract prices in the amounts proposed by DCAA, and (3) whether purchasing offices were taking prompt actions in set- tling DCAA reports. We are making a number of recommendations which, we believe, will (1) reduce the number of DCAA reports that do not provide contracting officials with an acceptable basis for price reductions, (2) increase acceptance of DCAA's rec- ommendations for price reductions, and (3) reduce the time required to settle the reports. BACKGROUND Public Law 87-653, the Truth-In-Negotiations Act, effec- tive December 1, 1962, requires that each contract, whose price is negotiated on the basis of cost or pricing data submitted

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