Statement Of Elmer B. Staats, Comptroller General Of The United States Before The Subcommittee On Economy In Government Joint Economic Committee
GENERAL ACCOUNTING OFFICE WASHINGTON DC WASHINGTON DC United States
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As you know, Public Law 91-121 directed GAO to conduct a study and review on a selective representative basis of the profits made by contractors and subcontractors on contracts on which there is no formally advertised competitive bidding entered into by the Department of Defense, Coast Guard, and National Aeronautics and Space Administration. Similar contracts entered into by AEC to meet requirements of the Department of Defense were also included.
- Economics and Cost Analysis