Home / Civilian / Inspector General Audits Defense Department’s Cost-Reimbursement Contracting Process

Inspector General Audits Defense Department’s Cost-Reimbursement Contracting Process

ContractSigningThe Office of Inspector General has issued an audit report that indicates the Defense Department‘s contracting personnel failed to implement the necessary rule for cost-reimbursement contracts totaling nearly $31.7 billion.

IG released the report Friday with a goal to review DoD’s compliance with the revised interim federal acquisition regulation rule on cost-reimbursement contracts.

The office also recommends that the deputy director for contract policy and international contracting, defense procurement and acquisition policy issue guidance to establish the criteria for approving cost-reimbursement contracts.

IG also seeks to reinforce regulations on transitioning a cost-reimbursement contract to a firm-fixed-price contract and to set best practices for evaluating the contractor’s accounting system.

IG further recommends discussion over broader contracting policies on issuing a cost-reimbursement contract.

Check Also

Report: US Military Seeks to Modernize Intell Database, Processes

Defense officials at the 2018 DoDIIS Worldwide Conference have said the U.S. military is set …

Leave a Reply

Your email address will not be published. Required fields are marked *