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PSAD-77-62 1 (1977-01-18)

handle is hein.gao/gaobaacak0001 and id is 1 raw text is: DOCUMENT RESUME 01114 - (A07510141 Financial Status of Major Acquisitions June 30, 1976. PSAD-77-62; B-182956. January 18, 1977. 102 pp. Report to the Congress; by Eluer B. Staatsg Coaptroller General. Issue area: Federal Procurement of Goods and Services (1900); Federal Procurement of Goods and Services: Not1fying the Congress of Status of Isportant Procurement Programs (1905); Science and Technolo-i (2000). Contact: Procurement and Systems Acquisitioi Div. Budget Fenction: National Detqnse: Department of Defense - Procurement 6 Contracts (0?.. Congressional Relevance: 0uas Committee an &road services; Senate Committee on Armed Services; Congress. Cost increases of $176 billion, or 6%, over baseline estimates are shown in this report of 753 civil and military acquisitions currently in development, test, producticn, or construction phases. The acquisitions were expected to cost $276 billion at their early or developmental stav, chile present agency estimates are $452 billion. The acquisiticns reviewed in this report include both acquisitions financed solely with Federal funds and those financed jointly with Federal, State, and otb(. funds. Civil agencies and departments provided cost growth analyses for acquisitions having increases of 100% or more. DOD provided cost growth breakdowns for only the weapons systems included in selected acquisition reports. findings/Conclusions: The agencies attributed cost increases to: changes in quantity; engineering changes,' support system changes, including changes involving spare parts, ancillary equipment, warranty provisions, and Governent-furnished property and/or equipment; schedule changes; economic changes, including inflation; errors in original cost estimates; and other changes such as environmental costs and relocation assistance for water and highway projects. Analyses of 148 civil acquisitions having 100% or more cost growth show that economic change, primarily inflation, accounts for 47% of the total cost growth and is the principal cause of increased project costs. (Author/SC)

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