“Colt is overpriced. You got a problem with oversight?”
At first glance a lot of government contracts appear over priced. They rarely are unless a Senator or ex General is involved in the procurement.
Many times the govt gives you only brief requirements which are changed a million times. And/Or they require extensive oversight which has to be included in the product or service price.
I was at one event a few weeks ago. The govt was requiring a full time person to be assigned prior to award and with no guarantee of award. Their opinion was this was a cost of doing business. So that persons cost gets built in to everyone elses price. If the contract isn’t won then its added to the next contract.
The amount of bureaucracy and numbers of people whose sole purpose was ‘manage’ procurement was astounding. They thrown a ton of this at procurement and expect it to be more efficient.
I understand that Gov oversight adds to the burden of price, hence $900m brass hammers for working on ordnance.
Still, Colt is over priced