National Flood Insurance Program: progress made on contract management but monitoring and reporting could be improved : report to Senate Committee on Banking, Housing and Urban Affairs and House Committee on Financial Services.

National Flood Insurance Program: progress made on contract management but monitoring and reporting could be improved : report to Senate Committee on Banking, Housing and Urban Affairs and House Committee on Financial Services.

by U.S. Government Accountability Office

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Overview

"
In operating NFIP, FEMA spends hundreds of millions of dollars annually on contractors that perform critical functions. The Biggert-Waters Flood Insurance Reform Act of 2012 mandates GAO to review the three largest contractors used in administering NFIP. In prior reports, GAO found problems with FEMA's oversight of contractors responsible for performing key NFIP functions. This report examines (1) FEMA's progress in updating its process for monitoring NFIP contractors since GAO's prior reports, and (2) the extent to which FEMA followed its monitoring process for the largest NFIP contractors. To address these objectives, GAO analyzed FEMA data on funds obligated to contractors from fiscal years 2008 through to 2012, reviewed information from FEMA on contract management policies and procedures, and assessed data covering fiscal years 2011 to 2013 on the implementation of these policies and procedures as they pertained to the three largest contractors. GAO also interviewed FEMA contracting staff and contractors.
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Product Details

ISBN-13: 9781973957546
Publisher: CreateSpace Publishing
Publication date: 07/28/2017
Pages: 40
Product dimensions: 6.00(w) x 1.25(h) x 9.00(d)

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