Office of Inspector General audit report on Westinghouse Savannah River Company`s withdrawal of fees
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.
- Research Organization:
- Dept. of Energy, Office of Inspector General, Washington, DC (United States)
- Sponsoring Organization:
- USDOE Office of Inspector General, Washington, DC (United States)
- OSTI ID:
- 334282
- Report Number(s):
- ER-B--99-05; ON: TI99001011; NC: NONE
- Country of Publication:
- United States
- Language:
- English
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