The financial impact of the untimely contract closeout process and recommendations for a streamlined approach to improving the process

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Author
Bethmann, Thomas S.
Date
1990-12Advisor
Zambo, Leslie J.
Second Reader
Fitzgerald, David M.
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The purpose of this thesis was to research the financial impact of untimely contract closeouts. The contract closeout procedures at a Navy Contracting Activity and one of its corresponding Paying Activity's were reviewed. The data analysis from a sample of contracts indicated that a possible financial impact does exist. The following reasons for untimely contract closeout were cited: (1) lack of emphasis on the closeout process by management, (2) lack of communication between the contracting and paying activities, (3) non-use of available automation, and (4) lack of knowledge of the adverse financial effects of the closeout process. The thesis provides recommendations to correct these reasons in addition to a final recommendation to develop a Data Base Management System (DBMS). The DBMS recommended requires that it be utilized from the inception to closeout of the contracting process.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.Collections
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