The Pentagon's inspector general has launched a broad review of the award and administration of performance-based payments in Defense Department contracts. The objective of this audit is to determine whether DOD officials negotiated and administered performance-based payment milestones in DOD contracts in accordance with selected Federal Acquisition Regulation requirements, according to a March 22 memo signed by Lorin Venable, the acting assistant inspector general for DOD payments and accounting operations. "Specifically, we will determine whether DOD properly negotiated, verified, and...
