For various reasons, defense contractors have quite a bit of Defense Department property in their possession. But DoD can only guesstimate how much it’s all worth. That figure isn’t small. Like, $220 billion worth. The Government Accountability Office found Defense officials don’t have a good plan for figuring it out. For more, the Federal Drive with Tom spoke with Kristen Kociolek, the director of GAO’s financial management and assurance team.
Let’s begin with the nature of the stuff that contractors hold for the Defense Department. It’s not like they loan them tanks. Or do they?