What is a reimbursable IGT?
An IGT is an order for goods or services between DoD or Federal entities. A reimbursable IGT occurs when the seller procures goods or services for a buyer, and is reimbursed upon performance or delivery. Examples of reimbursable IGTs are: * Navy orders environmental engineering services from the Army. The Army contracts with a vendor to provide the services, and the Army bills the Navy when the services are performed. * Air Force procures IT hardware through the DOI’s National Business Center, Acquisition Services Directorate (AQD). AQD contracts with a firm to provide the hardware, and bills the Air Force upon delivery of the hardware to the requested Air Force location. What do you mean by reconciliation? The need to reconcile IGT is no different then the need of large corporation to reconcile Intra Company orders between different lines of business or operational divisions and avoid overstating revenue or expenses. The only difference is that government is much larger, has more tran
