GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
The federal government spends billions of dollars to operate and maintain its real property assets, which include buildings, roads, and bridges. Agencies are responsible for managing these assets efficiently and cost-effectively.
We identified 6 key characteristics of effective asset management.
What GAO Found Federal agencies use the test program for a relatively small portion of all commercial items and services bought. In fiscal year 2011, of the $90 billion agencies obligated on new awards for commercial items and services, federal agencies obligated $1.
Oregon Inlet is the primary route to the ocean for hundreds of commercial and recreational fishing vessels operating in the Outer Banks region of North Carolina. However, the inlet experiences more high winds, strong tides, and shifting sand than any other inlet on the coast of the United States.