The Defense Department Inspector General’s office Wednesday released a financial management report finding improvement is needed in DoD progress payments for Ground Combat Vehicle (GCV) contracts, as contractors were allowed to receive more payments than federal acquisition regulations allowed. Army Contracting Command–Warren (ACC-Warren) procurement contracting officers (PCO) “provided two DoD contractors the ability to obtain $110 million more in financing payments than were allowable under the FAR and increasing the effective progress payment rate above the 80 percent FAR threshold…
