At the request of the Tennessee Valley Authority's (TVA) Supply Chain, we examined the cost proposal submitted by a company for handling and maintenance of coal combustion products. Our examination objective was to determine if the company's cost proposal was fairly stated for a planned <br> $100 million contract. In our opinion, the company's cost proposal contained overstated time and material (T&M) and fixed unit rates as follows:The proposed T&M rates included: (1) markups on third-party equipment rentals not provided for in the draft contract; (2) overstated hourly, daily, and weekly equipment rental rates; (3) overstated hourly craft and noncraft labor rates and noncraft labor classifications for labor costs that are typically recovered through the company's overhead markup rate; and (4) markups on subcontract costs not provided for in the draft contract.The proposed fixed unit rates included overstated equipment, overstated labor, and markups not provided for in the draft contract.We estimated TVA could avoid about $8.934 million on the $100 million contract by negotiating the appropriate reductions to the company's proposed T&M and fixed unit rates.(Summary Only)
| Report Date | Agency Reviewed / Investigated | Report Title | Type | Location | |
|---|---|---|---|---|---|
| Tennessee Valley Authority | Proposal for Coal Combustion Product Handling and Maintenance | Audit | Agency-Wide | View Report | |
| U.S. Agency for International Development | USAID Could Better Prepare To Comply With the Digital Accountability and Transparency Act, Reissued | Audit |
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View Report | |
| Federal Communications Commission | Inspection of FCC’s Readiness for the Digital Accountability and Transparency Act (DATA) of 2014 | Inspection / Evaluation | Agency-Wide | View Report | |
| Government Publishing Office | Financial Management: Unbilled Congressional Publication Jackets | Audit | Agency-Wide | View Report | |
| Federal Housing Finance Agency | FHFA’s Practice for Rotation of its Examiners Is Inconsistent between its Two Supervisory Divisions | Inspection / Evaluation | Agency-Wide | View Report | |
| Peace Corps | Audit of Peace Corps/Georgia 2017 | Audit | Agency-Wide | View Report | |
| Department of State | Audit of Atlas Service Corps, Inc., Grant Expenditures and Program Income | Audit | Agency-Wide | View Report | |
| Legal Services Corporation | LSC-OIG Grantee Site Vulnerability Assessment Management Analysis Report | Audit | Agency-Wide | View Report | |
| Legal Services Corporation | Audit of Selected Internal Controls at Neighborhood Legal Services Program of DC | Audit |
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View Report | |
| Department of the Interior | Guaranteed Loan to Lower Brule Ignored Risk Factors | Investigation |
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View Report | |
