Contract And Financial Management At Doe Hearing Before the Committee On Gover
Contract And Financial Management At Doe Hearing Before the Committee On Gover
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As important as the management of these contracts has been in the past, the need for effective contract administration and financial management has become even more acute as the Department enters a pe- riod of transition and mission change.
In fiscal year 1993, the Department spent about $16 billion on its management and operating (M&O) contracts. Under this type of contractual arrangement, major corporations and universities manage and operate most of the Department's facili- ties. Historicall...y, these cost-reimbursement contracts have indemnified contractors against virtually all loss. These contractors do not use their own funds; they receive less formal tasking than under other contracts; and they have little or no financial stake in the Government facilities they manage.
Just over a year ago, I testified before the Subcommittee on Oversight and Inves- tigations of the House Committee on Energy and Commerce and noted that our re- views had shown that the Department had not done an adequate job of administer- ing its contracts.
What to read after Contract And Financial Management At Doe Hearing Before the Committee On Gover?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Gove to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
As important as the management of these contracts has been in the past, the need for effective contract administration and financial management has become even more acute as the Department enters a pe- riod of transition and mission change.
In fiscal year 1993, the Department spent about $16 billion on its management and operating (M&O) contracts. Under this type of contractual arrangement, major corporations and universities manage and operate most of the Department's facili- ties. Historicall...y, these cost-reimbursement contracts have indemnified contractors against virtually all loss. These contractors do not use their own funds; they receive less formal tasking than under other contracts; and they have little or no financial stake in the Government facilities they manage.
Just over a year ago, I testified before the Subcommittee on Oversight and Inves- tigations of the House Committee on Energy and Commerce and noted that our re- views had shown that the Department had not done an adequate job of administer- ing its contracts.
What to read after Contract And Financial Management At Doe Hearing Before the Committee On Gover?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Gove to read onlineMoreLess
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