Water Resources:

The Corps of Engineers' Dredging Program for Small Business Firms

RCED-92-239BR: Published: Aug 3, 1992. Publicly Released: Aug 19, 1992.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO evaluated whether the U.S. Army Corps of Engineers' program to set aside a portion of its dredging contracts for small businesses results in significantly increased federal costs by decreasing competition.

GAO found that: (1) between fiscal years 1985 and 1990, decreased competition for restricted-bid contracts resulted in increased costs of between $70 million and $115 million; (2) the lowest bids for restricted-bid contracts were lower than the Corps' estimates by a greater percentage than were the lowest bids for unrestricted-bid contracts; (3) for both unrestricted-bid and restricted-bid contracts, winning bids were less than the Corps' estimate of the contract cost, and restricted bids were lower by a greater percentage than were the unrestricted bids; and (4) unrestricted-bid contracts were more competitive than restricted-bid contracts, since they elicited a higher average number of bids per contract, although the number of bids per contract may not be a clear measure of competition.

Sep 26, 2016

Aug 15, 2016

Jul 26, 2016

Jul 21, 2016

Jul 14, 2016

Jul 7, 2016

Jun 14, 2016

Looking for more? Browse all our products here