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PSAD-79-14 1 (1979-01-11)

handle is hein.gao/gaobaaylp0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENERAL



Report To The Congress


OF -HE UNITED STATES


S....  I ...9io 0


Financial Status Of

Major Federal Acquisitions) .

September 30,1978



Cost increases of $207 billion, or 64 percent,
over baseline estimates are shown in this
report of 857 civil and military acquisitions
currently in development, test, production, or
construction phases.

Federal agencies expected the acquisitions to
cost $324 billion at their early or develop-
mental stages; present agency estimates are
$531 billion.

For 206 projects, costs increased by $182
billion. Of this amount, $79 billion, or 43
percent, is attributed to inflation. The other
increases are attributed to changes in

    --quantities ordered,

    --system characteristics (engineering),

    -spare parts or similar types of support
    needs,

    delivery dates (schedules), and

    inadequate original cost estimates.





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108338


      PSAD-79-14
JANUARY 11, 1979


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