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092814 1 (1970-11-25)

handle is hein.gao/gaobacwru0001 and id is 1 raw text is: D S4 UNITED STATES GENERAL ACCOUNTING OFFICE REGIONAL OFFICE OU ROOM 7054, FEDERAL BUILDING 300 NORTH LOS ANGELES STREET Los ANGELES, CALIFORNIA 90012 NOV 25 17 Captain Thomas Condon LM092814 Corrianding Officer U. S. Naval Supply Center Box 300 FPO San Francisco, California 96610 Dear Captain Condon: As part of our review of the negotiation of contract prices under the provisions of Public Law 87-653, we have examined into the price proposed and negotiated for firm fixed-price contract N00604-68-C-0453 awarded to the Bendix Corporation, Electrodynamics Division, North Hollywood, California, by the U. S. Naval Supply Center (NSC), Pearl Harbor, Hawaii. The contract was awarded on April 19, 1968, in the amount of $158,043 and provided for the overhaul and repair of 135 submarine valves. Our examination was primarily concerned with, (1) the reasonableness of the price negotiated in relation to cost or pricing data available at the date of contract negotiations, (2) the adequacy of the price analysis performed, and (3) the adequacy of the contractor's cost or pricing data submissions for compliance with pertinent provisions of the Armed Services Procurement Regulation (ASPR). Our review indicated several weaknesses in the negotiation and pricing of the contract as follows: 1. The proposed contract price was about $8,900 higher than indicated by available cost information at the date of contract negotiations. 2. The price analysis perforied by NSC showed significant price increases over a prior procurement and, under the ciremstances, the contracting officer's waiver of the requirement for preaward audit by the Defense Contract Audit Agency (DCAA) did not appear to be justified. 3. The contractor was not required to submit or specifically identify in writing, cost or pricing data in support of proposed costs as required by ASPR.

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