The Defense Department’s contracting component hasn’t observed new rules meant to address deficiencies in the way contractors estimate prices for DoD, says a June 29 DoD inspector general report.
Contractor estimating systems encompass the policies, procedures and practices used by the contractor for generating estimates of costs and other data that are included in proposals submitted to the government.
And it’s important that those systems are accurate, the report says.
“Contractor business systems and related internal controls, including the estimating system, are the first line of defense against waste, fraud, and abuse,” GAO says.
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