Improved Analysis Needed To Evaluate DOD's Proposed Long-Term Leases of Capital Equipment
PLRD-83-84
Published: Jun 28, 1983. Publicly Released: Jul 05, 1983.
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Highlights
Pursuant to a congressional request, GAO reviewed the practices and procedures which are followed by the government in its long-term leasing of capital equipment. GAO limited its review to those long-term leasing programs which the Navy and the Air Force have announced for noncombatant auxiliary cargo and tanker ships and trainer and Tanker Transport Bomber aircraft.
Recommendations
Matter for Congressional Consideration
| Matter | Status | Comments |
|---|---|---|
| Congress should enact permanent legislation which requires an agency to provide congressional committees with a lease versus purchase analysis that is based on prescribed criteria and considers total cost to the government. |
Closed – Implemented
|
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information. |
| Congress should enact legislation which requires the agency to obtain congressional authorization before entering into long-term leasing programs financed with working capital funds. |
Closed – Implemented
|
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information. |
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Topics
Comparative analysisCost analysisDefense procurementEquipment contractsLeasesTankers (Vessels)Merchant vesselsShipsMilitary forcesAircraft