Word: gao
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...cost effectiveness" and "buying at the lowest sound price," but behind this jargon lurks a behemoth of waste. Senator William Proxmire, chairman of the Joint Economic Committee, placed the figure at "maybe billions and billions" of dollars following testimony last May by officials of the General Accounting Office (GAO...
...General Accounting Office and The Bureau of the Budget -- both these agencies have already transcended their simple accounting duties. They now deal with problems of efficiency among federal administrative bodies, such as preventing overlapping. Gellhorn wants the GAO and Budget Bureau to increase the scope of their work...
...situation is actually far from humorous. It's silly, but it's not funny when the Defense Department declines to tell the General Accounting Office about "secret" defense expenditures until the GAO's auditor proves his "need to know." Security has apparently become the last refuge of bureaucracy...
...terse announcement stating that the company had completed its plane contract "to the satisfaction of the Air Force over two years ago," with an overall profit of 5.4% after taxes-"a reasonable rate of profit and substantially below the rate realized by G.M. on its commercial business." But the GAO still wanted the money back, though it did not say how it proposed...
DIXON-YATES contract has run into another roadblock, this time from the Government's General Accounting Office. GAO's new boss, Comptroller General Joseph Campbell, who voted for the contract as a member of the AEC, has advised the commission to hold it up. He wants ironclad assurances from Ebasco Services Inc., slated to build the big steam plant at West Memphis, Ark., that construction will not cost more than the $104 million estimate. What worries Campbell is a previous Ebasco contract for a steam plant at Joppa, Ill. to supply the AEC. There costs turned...