Menu Search Account

LegiStorm

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

Department of Energy: Alternative Financing and Contracting Strategies for Cleanup Projects

  Premium   Download PDF Now (66 pages)
Report Type Reports and Testimonies
Report Date May 29, 1998
Report No. RCED-98-169
Subject
Summary:

The Energy Department's environmental management program faces the monumental task of cleaning up environmental problems created by nearly 50 years of nuclear weapons production. This effort is being carried out primarily under cost-reimbursement contracts. The Office of Environmental Management, finding this approach to be very expensive and slow, has proposed a "privatization" approach with two key elements: fixed-price contracts and private financing to construct waste treatment facilities. This report discusses (1) the conditions necessary to successfully use fixed-price contracts for environmental management's privatized cleanup projects, (2) the alternative financing approaches that could be used for environmental management's privatization contracts, and (3) how alternative financing methods for environmental management's privatization projects might affect budget scoring.

« Return to search Government Accountability Office reports