1 online resource (iii, 45 pages) : color illustrations
Summary
"In fiscal year 2015, DOD obligated $274 billion on contracts for products and services, a portion of which was for contracts that used incentive and award fee provisions -- or incentive contracts -- intended to improve cost, schedule, and technical performance outcomes. Work by GAO and others has shown that such contracts, when not well managed, can lead to unnecessary costs shouldered by the American taxpayer. Beginning in 2010, DOD made regulatory and policy changes related to incentives. GAO was asked to review DOD's use of incentives. This report (1) identifies steps DOD has taken to improve its use of incentive contracts since 2010, and (2) assesses the extent to which selected DOD incentive contracts achieved desired acquisition outcomes. To conduct this work, GAO reviewed relevant federal and DOD guidance; analyzed DOD obligations and new contract award data for fiscal years 2005 through 2015, before and after regulatory and policy changes; and analyzed a nongeneralizable sample of 26 contracts and task orders that contained incentives and 9 contract actions providing for award fees that were awarded between fiscal years 2011 and 2015 and reported as completed by the end of fiscal year 2015 to assess contract outcomes"--Preliminary page.
Alternative title
Report to the Chairman, Comittee on Armed Services, House of Representatives
DOD needs better information on incentive outcomes
Defense contracting, Department of Defense needs better information on incentive outcomes
Background -- DOD has changed regulations, policies, and practices to improve its use of incentive contracts, in particular by emphasizing use of objective incentives -- DOD expects to achieve cost objectives on selected contracts, but lacks full information on outcomes for incentive contracts -- Conclusions.
Call number
GPO Internet GA 1.13:GAO-17-291
Note
"July 2017"--Cover.
"GAO-17-291."
Bibliography (note)
Includes bibliographical references.
Author
United States. Government Accountability Office, author, issuing body.
Title
Defense contracting, DOD needs better information on incentive outcomes.
Publisher
[Washington, D.C.] : United States Government Accountability Office, 2017.
Type of content
text
Type of medium
computer
Type of carrier
online resource
Bibliography
Includes bibliographical references.
Source of description
Online resource; title from PDF cover (GAO, viewed July 14, 2017).