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ACQUISITION & CONTRACTING, Civilian, FEATURED ARTICLES, Government Agency, Industry News

U.S. GAO – Federal Contracting: Additional Management Attention and Action Needed to Close Contracts and Reduce Audit Backlog

Closing contracts ensures the government receives goods or services at the agreed price. We found that contracts were not closed on time at DOD, Health and Human Services, Homeland Security, Justice and State.

A challenge to closing certain contracts is the Defense Contract Audit Agency’s backlog of incurred cost audits, which identify whether costs are allowable—information needed to close these contracts. While DCAA reduced this backlog, its timeliness in starting audits could improve: it took an average of 747 days to begin an audit in FY2016.

Source: U.S. GAO – Federal Contracting: Additional Management Attention and Action Needed to Close Contracts and Reduce Audit Backlog

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