The Resource DOD Contract Management: Greater Attention Needed to Identify and Recover Overpayments

DOD Contract Management: Greater Attention Needed to Identify and Recover Overpayments

Label
DOD Contract Management: Greater Attention Needed to Identify and Recover Overpayments
Title
DOD Contract Management: Greater Attention Needed to Identify and Recover Overpayments
Contributor
Subject
Language
eng
Summary
In October 1997, we reported to you that from October 1992 through April 1997, defense contractors refunded $5.1 billion to the Defense Finance and Accounting Service's (DFAS), Columbus Center; the largest Department of Defense (DOD) payment center; and we discussed the reasons for the refunds. As requested, we (1) updated this information through fiscal year 1998 and (2) visited 13 contractor locations to ascertain if the contractors were retaining overpayments and how quickly overpayments were refunded. We also obtained information on the backlog of contracts waiting to be examined for possible overpayment. In the 5 years between fiscal year 1994 and 1998, defense contractors returned about $4.6 billion to the Columbus Center-in fiscal year 1998, $746 million. The Center attributes most of the returned money to overpayments caused by factors outside its control. However; payment errors by the Center were also a factor. It took about a year; on average, before the 13 contractors refunded overpayments of $56.2 million to the Center. In addition, four of the contractors were still retaining overpayments totaling $1.1 million. After we brought these overpayments to the contractors' and the government's attention, the contractors refunded the overpayments. A Defense Contract Management Command area office also instructed its personnel to ask contractors reporting overpayments to immediately return the money In some cases, government personnel were aware of overpayments, but they did not take timely action to obtain recovery Under current law, there is no requirement for contractors who have been overpaid to notify the government of overpayments or to return overpayments prior to the government issuing a demand letter
Cataloging source
DTICE
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
GENERAL ACCOUNTING OFFICE WASHINGTON DC NATIONAL SECURITY AND INTERNATIONAL AFFAIRS DIV
http://library.link/vocab/subjectName
  • Department of defense
  • Contract administration
  • Contractors
  • Payment
  • Defense systems
  • Accounting
  • Timeliness
  • Attention
  • Finance
  • Government employees
  • Economics and Cost Analysis
Label
DOD Contract Management: Greater Attention Needed to Identify and Recover Overpayments
Instantiates
Publication
Note
Report to the Honorable Tom Hankin U.S. Senate
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Extent
17 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
Hein Online
System control number
  • (OCoLC)227898346
  • (OCoLC)ocn227898346
Label
DOD Contract Management: Greater Attention Needed to Identify and Recover Overpayments
Publication
Note
Report to the Honorable Tom Hankin U.S. Senate
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Extent
17 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
Hein Online
System control number
  • (OCoLC)227898346
  • (OCoLC)ocn227898346

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