The U.S. Department of Energy's Efforts to Increase The Financial Responsibility Of Its Major For-Profit Operating Contractors
November 20, 1998
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November 20, 1998
The U.S. Department of Energy's Efforts to Increase The Financial Responsibility Of Its Major For-Profit Operating Contractors
In 1994, the Departmental contract reform team recommended that the Department's major for-profit operating contractors assume greater financial responsibility. In response, the Department developed model contract provisions to increase contractor financial responsibility and accountability. The objective of the audit was to determine if the Government is protected from liabilities such as fines, penalties, third-party claims, and damage to or loss of Government property incurred by contractors who manage and operate Department facilities and sites.