DOD contractors are among the largest sponsors of defined benefit pension plans in the United States and factor pension costs into the price of DOD contracts. Since the 2008 market downturn, these pension costs have grown thereby increasing DOD contract costs and recent changes in rules for calculating pension costs have raised the prospect of further cost increases. Given this possibility, GAO assessed how (1) contractor pension costs are determined; ...
The Defense Contract Management Agency (DCMA) provides contract administration services for DoD buying activities. Its contract management offices (CMO) work with defense contractors to help ensure that goods and services are delivered on time, at projected cost, and that they meet performance requirements. DCMA also supports combatant commanders during contingency operations. As DCMA recovers from years of significant downsizing, GAO was asked to do the following: (1) assess how the ...
Generally, the term counterfeit refers to instances in which the identity or pedigree of a product is knowingly misrepresented by individuals or companies. Counterfeiters often try to take advantage of the established worth of the imitated product, and the counterfeit product may not work as well as the genuine article. The threat of counterfeit parts continues to grow as counterfeiters have developed more sophisticated capabilities to replicate parts and gain ...
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