Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1315 new people
  • 107 new organizations
  • 1149 new photos
  • 1999 job history records for people in our database
  • 713 education records for people in our database
  • 3184 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 1 new person through the revolving door
  • 132 new policy reports
  • 15 new trips to our privately funded travel database
  • 356 new personal financial disclosures
  • 9208 new press releases
  • 5 new town halls
  • 37 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

National Defense: Navy Ship Construction Contracts

  Premium   Download PDF Now (7 pages)
Report Type Reports and Testimonies
Report Date April 19, 1988
Report No. T-NSIAD-88-27
Subject
Summary:

GAO discussed the Navy's ship construction contracts to determine the extent to which those contracts: (1) experienced cost overruns; (2) resulted in claims against the government; and (3) stayed within their appropriate limits. GAO found that: (1) more contracts experienced overruns and were at or close to their ceiling prices than a year ago; (2) as of February 1988, the Navy projected cost overruns of about $2.1 billion for 21 contracts involving 60 vessels; and (3) since the Navy shared a portion of the overruns with its contractors, it was potentially liable for about $1 billion. GAO also found that: (1) the Navy is conducting a review to determine whether it has funds available to cover its potential overrun liability; (2) due to the cost overruns, contractors filed claims against the government totalling $110 million as of December 1987; and (3) the Navy settled five claims during 1987 totalling $28 million.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com