Sec. 895. Inspector General report on Department of Defense acquisition and contract administration
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/bill/118/hr/2670/rds/section-895·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than March 31, 2024, the Inspector General of the Department of Defense shall submit to the Committee on Armed Services of the House of Representatives a report on the status and findings of the oversight, reviews, audits, and inspections of the Inspector General regarding Department-wide acquisitions and contract management, including— findings regarding the effectiveness of audits and financial advisory on ensuring that the Department obtains the greatest value for the lowest reasonable costs under when acquiring goods and services, including by reducing contract costs and ensuring that the profit of contractors for the provision of such goods and services is reasonable; an assessment of allowable, allocable, and reasonable costs and pricing for contracts; the authorities and resources for contracting officers of the Department to obtain certified cost and pricing data from contractors of the Department; the authorities and resources of the Chief Financial Officer of the Department, the Defense Contract Audit Agency, and the Defense Contract Management Agency to determine allowable, allocable, and reasonable costs and pricing for contracts.