In fiscal year 2014, the Department of Transportation (DOT) obligated $2 billion on contracts. DOT’s contracting officers (CO) are responsible for awarding and managing a significant portfolio of contracts.
Congress has granted several of DOT’s Operating Administrations the authority to enter into Other Transaction Agreements (OTA). These financial instruments give agencies greater flexibility to achieve mission goals.
On August 29, 2007, we issued our report on incurred-cost audits of DOT procurement contracts. The report discusses the Department's initiative to use a new structured approach for obtaining incurred-cost audits of procurement contracts.