A defense program has dropped the ball in keeping track of pricing and other procurement information on an $11.2 billion contract. That, despite a push to gather better pricing information on contracts across the Defense Department.
It’s all part of a new DoD Inspector General’s report. It finds that contracting officials at DoD’s Program Executive Office for Simulation, Training, and Instrumentation did not have required documents including records on pre-negotiation and price negotiation memos.
The report says those documents are crucial for accountability and transparency during the acquisition process. Officials say the information helps DoD know if it’s paying a fair price and getting the most for its dollar.
This story is part of Federal News Radio’s daily DoD Report. For more defense news, click here.
Tom Temin is the host of The Federal Drive, which airs from 6-9 a.m. on 1500 AM in the Washington, DC region and online everywhere. Tom has 30 years experience in journalism, mostly in technology markets. Before coming to Federal News Radio, he was a long-serving editor-in-chief of Government Computer News and Washington Technology magazines.