Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
Book Description
Contractors may submit requests for equitable adjustment (REAs) of costs or prices as proposals under the Federal Acquisition Regulation governing contract modifications or as claims under the Contract Disputes Act. When changes result in an increase or decrease in costs or period of contract performance, a contractor can request an equitable adjustment to the contract price or other contract terms. Contractors may also submit REAs due to Government-caused delay or disruption to contract performance. The requested adjustments can include actual costs, forecasted costs, or both and can result from changes made by the contracting officer within the general scope of the contract. Because of the controversies applicable to claims, they often lead to litigation before a board of contract appeals or the courts. The need for accuracy and credibility of the Defense Contract Audit Agency audit reports is, therefore, heightened. Claims are often complex, presenting many varied and unique audit problems, and are susceptible to contractor inflation well beyond the Government- caused inequity. For FY 1995 the Defense Contract Audit Agency completed 763 REA audits and examined about $1.4 billion. For FY 1996, it completed 622 REA audits and examined about $ 1.7 billion.
Evaluation Report on Defense Contract Audit Agency Audits of Requests for Equitable Adjustment
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
Book Description
Contractors may submit requests for equitable adjustment (REAs) of costs or prices as proposals under the Federal Acquisition Regulation governing contract modifications or as claims under the Contract Disputes Act. When changes result in an increase or decrease in costs or period of contract performance, a contractor can request an equitable adjustment to the contract price or other contract terms. Contractors may also submit REAs due to Government-caused delay or disruption to contract performance. The requested adjustments can include actual costs, forecasted costs, or both and can result from changes made by the contracting officer within the general scope of the contract. Because of the controversies applicable to claims, they often lead to litigation before a board of contract appeals or the courts. The need for accuracy and credibility of the Defense Contract Audit Agency audit reports is, therefore, heightened. Claims are often complex, presenting many varied and unique audit problems, and are susceptible to contractor inflation well beyond the Government- caused inequity. For FY 1995 the Defense Contract Audit Agency completed 763 REA audits and examined about $1.4 billion. For FY 1996, it completed 622 REA audits and examined about $ 1.7 billion.
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
Book Description
Contractors may submit requests for equitable adjustment (REAs) of costs or prices as proposals under the Federal Acquisition Regulation governing contract modifications or as claims under the Contract Disputes Act. When changes result in an increase or decrease in costs or period of contract performance, a contractor can request an equitable adjustment to the contract price or other contract terms. Contractors may also submit REAs due to Government-caused delay or disruption to contract performance. The requested adjustments can include actual costs, forecasted costs, or both and can result from changes made by the contracting officer within the general scope of the contract. Because of the controversies applicable to claims, they often lead to litigation before a board of contract appeals or the courts. The need for accuracy and credibility of the Defense Contract Audit Agency audit reports is, therefore, heightened. Claims are often complex, presenting many varied and unique audit problems, and are susceptible to contractor inflation well beyond the Government- caused inequity. For FY 1995 the Defense Contract Audit Agency completed 763 REA audits and examined about $1.4 billion. For FY 1996, it completed 622 REA audits and examined about $ 1.7 billion.
Report on Activities
Author: United States. Defense Contract Audit Agency
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
Book Description
Evaluation Report on the Defense Contract Audit Agency Audits of Major Contractor Labor Costs
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
Book Description
The Defense Contract Audit Agency Contract Audit Manual Section 5-9O2a. explains that labor costs are generally the most significant costs charged to Government contracts and generally comprise the base, or the largest element in the base, used to allocate indirect costs. Estimates of labor costs for follow- on or similar item Government contracts are frequently based on historical labor costs. Labor differs from other cost items because it is not supported by third-party documentation such as an invoice, purchase order, or receipt. Contractor personnel have full control over the documents or devices of original entry, whether they consist of time cards, electronic media, or some other means. Accordingly, the risks associated with the accurate recording, distribution, and payment of labor are often significant.
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
Book Description
The Defense Contract Audit Agency Contract Audit Manual Section 5-9O2a. explains that labor costs are generally the most significant costs charged to Government contracts and generally comprise the base, or the largest element in the base, used to allocate indirect costs. Estimates of labor costs for follow- on or similar item Government contracts are frequently based on historical labor costs. Labor differs from other cost items because it is not supported by third-party documentation such as an invoice, purchase order, or receipt. Contractor personnel have full control over the documents or devices of original entry, whether they consist of time cards, electronic media, or some other means. Accordingly, the risks associated with the accurate recording, distribution, and payment of labor are often significant.
Report of Operations
Author: United States. Defense Contract Audit Agency
Publisher:
ISBN:
Category : Defense contracts
Languages : en
Pages : 48
Book Description
Publisher:
ISBN:
Category : Defense contracts
Languages : en
Pages : 48
Book Description
The Effectiveness of the Defense Contract Audit Agency Can be Improved
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 88
Book Description
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 88
Book Description
Defense Contract Audit Agency, (organization, Functions, and Relationships with the General Accounting Office)
Author: United States. Congress. House. Government Operations
Publisher:
ISBN:
Category :
Languages : en
Pages : 192
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 192
Book Description
Operations Auditing by the Defense Contract Audit Agency
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Defense contracts
Languages : en
Pages : 48
Book Description
Publisher:
ISBN:
Category : Defense contracts
Languages : en
Pages : 48
Book Description
DCAA Contract Audit Manual
Author: United States. Defense Contract Audit Agency
Publisher:
ISBN:
Category : Defense contracts
Languages : en
Pages : 908
Book Description
Publisher:
ISBN:
Category : Defense contracts
Languages : en
Pages : 908
Book Description
Defense Contract Audit Agency (organization, Functions, and Relationships with the General Accounting Office)
Author: United States. Congress. House. Committee on Government Operations. Military Operations Subcommittee
Publisher:
ISBN:
Category : Defense contracts
Languages : en
Pages : 188
Book Description
Publisher:
ISBN:
Category : Defense contracts
Languages : en
Pages : 188
Book Description
Evaluation of Defense Contract Audit Agency Sampling Initiative of Incurred Cost Proposals on Low-Risk Contractors
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
Book Description
The objective of our review was to determine the acceptability of the DCAA sampling initiative of incurred cost proposals for low-risk contractors with ADV of $5 million or less. Contractors are required to make annual submissions of the cost incurred on their cost-reimbursable contracts for DCAA audit or review. We performed our evaluation in two phases. We assessed the DCAA test results of sampling low-risk incurred cost proposals for audit and the adequacy of the audits. After evaluating the test results, Headquarters, DCAA, implemented guidance on the sampling initiative and desk-review procedures. In the second phase, we assessed the implementation of the guidance concerning the selection of proposals and the desk-review procedures used to close low-risk incurred cost proposals not selected for audit.
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
Book Description
The objective of our review was to determine the acceptability of the DCAA sampling initiative of incurred cost proposals for low-risk contractors with ADV of $5 million or less. Contractors are required to make annual submissions of the cost incurred on their cost-reimbursable contracts for DCAA audit or review. We performed our evaluation in two phases. We assessed the DCAA test results of sampling low-risk incurred cost proposals for audit and the adequacy of the audits. After evaluating the test results, Headquarters, DCAA, implemented guidance on the sampling initiative and desk-review procedures. In the second phase, we assessed the implementation of the guidance concerning the selection of proposals and the desk-review procedures used to close low-risk incurred cost proposals not selected for audit.