Office of Inspector General audit report on Westinghouse Savannah River Company`s withdrawal of fees

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As the operator of the Department`s Savannah River Site, Westinghouse Savannah River Company (Westinghouse) receives three types of fees: (1) award fees commensurate with the overall performance rating, (2) Performance Based Incentive (PBI) fees for achieving measurable goals or defined tasks as specified in annual operating plans, and (3) Cost Reduction Incentive Program (CRIP) fees for making improvements in site operations that reduce total contract costs. The Department`s Contracting Officer notifies Westinghouse when fees are earned, and Westinghouse withdraws the authorized amounts from the Department`s letter-of-credit account. The audit objective was to determine whether Westinghouse withdrew the appropriate amount of ... continued below

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12 p.

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Creator: Unknown. April 1, 1999.

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Description

As the operator of the Department`s Savannah River Site, Westinghouse Savannah River Company (Westinghouse) receives three types of fees: (1) award fees commensurate with the overall performance rating, (2) Performance Based Incentive (PBI) fees for achieving measurable goals or defined tasks as specified in annual operating plans, and (3) Cost Reduction Incentive Program (CRIP) fees for making improvements in site operations that reduce total contract costs. The Department`s Contracting Officer notifies Westinghouse when fees are earned, and Westinghouse withdraws the authorized amounts from the Department`s letter-of-credit account. The audit objective was to determine whether Westinghouse withdrew the appropriate amount of fees from the letter-of-credit account in Fiscal Years (FY) 1997 an 1998.

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12 p.

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OSTI as TI99001011

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  • Other Information: PBD: Apr 1999

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  • Other: TI99001011
  • Report No.: ER-B--99-05
  • DOI: 10.2172/334282 | External Link
  • Office of Scientific & Technical Information Report Number: 334282
  • Archival Resource Key: ark:/67531/metadc675834

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

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Creation Date

  • April 1, 1999

Added to The UNT Digital Library

  • July 25, 2015, 2:20 a.m.

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  • June 22, 2016, 2:33 p.m.

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Office of Inspector General audit report on Westinghouse Savannah River Company`s withdrawal of fees, report, April 1, 1999; United States. (digital.library.unt.edu/ark:/67531/metadc675834/: accessed November 18, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.