A Bloomberg Government study has found that U.S. government spending on multiple-award contracts (MACs) grew twice as fast as total contract spending between 2006 and 2010, with MAC spending increasing 49 percent to $121 billion over the period. “Multiple-award contracts are starting to become the center of the universe,” Jaime Garcia, president of Washington-based Seville Government Consulting told [...]
The House Committee on Veterans’ Affairs held a hearing today to assess VA’s steps towards financial stability after the Subcommittee on Oversight and Investigations determined that the department had inadequate control over its financial management systems in 2008. Since their findings in 2008, the U.S. Government Accountability Office reported that VA’s improper payments, waste, and [...]
When it comes to the Defense Contract Auditing Agency, here’s a sobering statistic to chomp on, courtesy of the AP: Compared with other federal oversight organizations (like the GAO), DCAA’s return on investment is pretty slim. For every dollar GAO spends, it saves taxpayers $94. At DCAA, the ratio is $5 saved for every dollar [...]
