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NSIAD-83-32 1 (1983-09-07)

handle is hein.gao/gaobacjmu0001 and id is 1 raw text is: -nY BY THE STAFF OF THE U.S. General Accounting Office Status Of Major Acquisitions As Of September 30, 1982 As of September 30, 1982, federal agencies estimated cost of 444 civil and defense major acquisitions was more than $842 billion. This included cost growth of more than $460 billion over the initial estimates for these acquisitions, The initial estimate is the estimate contained in the budget justification on which the Congress bases its original funding of an acquisition. Quantity increase and inflation were tn major reasons for cost growth in thd- Department of Defense acquisitions. Infla- tion was the major reason for cost growth in civil acquisitions. In addition to providing total cost growth information, this report provides information on the number of individual acquisitions that, when compared to initial estimates, experienced schedule slippages, quantity variances, and unit cost increases. C) :i GAO/NSIAD-83-32 SEPTEMBER 7, 1983 lC'Coc'\ '0 LY){cts5q

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