Significant Firm-Fixed-Price Contract Actions in FYs 2011-2013 Cannot Be Verified from Documentation in NIST Contract Files

For our audit of National Institute of Standards and Technology (NIST) Office of Acquisition and Agreements Management’s (OAAM’s) management, monitoring, and administration of NIST firm-fixed-price (FFP) contracts during FYs 2011–2013, our objectives were to determine whether (1) NIST OAAM has managed, monitored, and administered the FFP contracts in accordance with federal and Departmental requirements; (2) contract officer’s representative (COR) requirements were met and completed in accordance with federal and Departmental requirements; and (3) all invoice payments were valid, reasonable, and paid on a timely basis in accordance with federal and Departmental requirements.