{"product_id":"9781287244974","title":"Contract Pricing: DOD's Use of the Truth in Negotiations Act Deterrents Could Be Increased: NSIAD-94-7","description":"Pursuant to a congressional request, GAO reviewed the Department of Defense's (DOD) internal controls for contract pricing, focusing on: (1) DOD use of deterrent provisions in the Truth in Negotiations Act; and (2) the interest charged on overpayments.  GAO found that: (1) in fiscal year 1992, DOD sustained 40 percent of its recommended price adjustments; (2) DOD has not recovered most overpayments because contracting officers ignore audits that do not support defective pricing determinations, and DOD settles with contractors for lesser amounts; (3) DOD has initiated actions to improve the accuracy of its contractor audits and increase recommended price adjustments; (4) DOD contracting officers have not effectively used deterrents or fully assessed interest charges and penalties on overpayments because of regulatory restrictions and differing interpretations; (5) DOD does not timely settle defective pricing cases because the lengthy settlement process places a heavy administrative burden on the government and contractors; (6) the DOD contract tracking and information system has inaccurate data due to reporting errors and lacks needed oversight and management information; and (7) the DOD Inspector General has recommended several changes to improve DOD contractor reporting.","brand":"Bibliogov","offers":[{"title":"Default Title","offer_id":48534593863921,"sku":"9781287244974","price":17.75,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0674\/5433\/7265\/files\/9781287244974_p0.jpg?v=1786368104","url":"https:\/\/shop.barnesandnoble.com\/products\/9781287244974","provider":"Barnes \u0026 Noble","version":"1.0","type":"link"}