About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

PSAD-80-25 1 (1980-02-12)

handle is hein.gao/gaobabaft0001 and id is 1 raw text is: 
iS -


BY THE COMPTROLLER GENERAL



Report To The Congress


OF THE UNITED STATES


Financial Status Of Major Federal
Acquisitions September 30, 1979




Federal departments' and agencies' major ac-
quisitions are presently estimated to cost
$607 billion at completion; earlier estimates
were $346 billion.

Costs increased $261 billion, or 75 percent,
and are shown in this report for 940 civil
and military acquisitions currently in devel-
opment, test, production, or construction
phases.

For 224 projects, costs increased by $233
billion. Of this amount, $92 billion, or 39
percent, is attributed to inflation. Other in-
creases are attributed to changes in

    --quantities ordered,

    --system characteristics (engineering),

    --delivery dates (schedules),

    --inadequate original cost estimates, and


    --support needs and spare parts.

The Congress may want to review the pro-
gress of a number of projects that have been
in process many years.


111550


00 8G5 53


      PSAD-80-25
FEBRUARY 12, 1980


II~

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most