Author: Paul A. Haslam
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 138
Book Description
This project analyzes the Navy's 1982 decision to lease thirteen T-AKX class Maritime Prepositioning Ships (MPS) and five Champion Class T-5 replacement tankers. It examines the MPS/T-5 history, a brief history of Navy ship leasing, and the MPS/T-5 acquisition process. In addition, it reviews the laws and regulations that were in place at the time of the lease and the cost comparison between the lease versus purchase decision. The examination concludes that while leasing the MPS/T-5 ships was more cost effective under 1982 laws and assumptions, many of these assumptions would no longer be used under current laws and regulations. Thus, from a purely monetary point of view, leasing would no longer be more cost effective than purchasing. However, leasing does provide three significant advantages that are not present in a traditional procurement. First, leasing allows the Government to pay as it uses an asset, which spreads the payments over an asset's useful life rather than completely paying for the asset when procured. Second, leasing allows the Government to bypass a lengthy procurement process, resulting in earlier asset utilization. Third, leasing allows the Government to obtain assets that would not have otherwise been procured due to budget constraints.
An Examination of United States Navy Leasing
Author: Paul A. Haslam
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 138
Book Description
This project analyzes the Navy's 1982 decision to lease thirteen T-AKX class Maritime Prepositioning Ships (MPS) and five Champion Class T-5 replacement tankers. It examines the MPS/T-5 history, a brief history of Navy ship leasing, and the MPS/T-5 acquisition process. In addition, it reviews the laws and regulations that were in place at the time of the lease and the cost comparison between the lease versus purchase decision. The examination concludes that while leasing the MPS/T-5 ships was more cost effective under 1982 laws and assumptions, many of these assumptions would no longer be used under current laws and regulations. Thus, from a purely monetary point of view, leasing would no longer be more cost effective than purchasing. However, leasing does provide three significant advantages that are not present in a traditional procurement. First, leasing allows the Government to pay as it uses an asset, which spreads the payments over an asset's useful life rather than completely paying for the asset when procured. Second, leasing allows the Government to bypass a lengthy procurement process, resulting in earlier asset utilization. Third, leasing allows the Government to obtain assets that would not have otherwise been procured due to budget constraints.
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 138
Book Description
This project analyzes the Navy's 1982 decision to lease thirteen T-AKX class Maritime Prepositioning Ships (MPS) and five Champion Class T-5 replacement tankers. It examines the MPS/T-5 history, a brief history of Navy ship leasing, and the MPS/T-5 acquisition process. In addition, it reviews the laws and regulations that were in place at the time of the lease and the cost comparison between the lease versus purchase decision. The examination concludes that while leasing the MPS/T-5 ships was more cost effective under 1982 laws and assumptions, many of these assumptions would no longer be used under current laws and regulations. Thus, from a purely monetary point of view, leasing would no longer be more cost effective than purchasing. However, leasing does provide three significant advantages that are not present in a traditional procurement. First, leasing allows the Government to pay as it uses an asset, which spreads the payments over an asset's useful life rather than completely paying for the asset when procured. Second, leasing allows the Government to bypass a lengthy procurement process, resulting in earlier asset utilization. Third, leasing allows the Government to obtain assets that would not have otherwise been procured due to budget constraints.
An Analysis of U.S. Navy Leveraged Leasing
Author: R. E. Ratcliff
Publisher:
ISBN:
Category :
Languages : en
Pages : 177
Book Description
In 1984, the United States Navy began closing the largest leveraged lease agreement ever undertaken. The cost and structural complexity of that transaction, and the use of tax benefit transfers to partially pay for ship charters have made it one of the most controversial defense programs in recent years. This study examines the controversial issues which have surrounded the Navy's leveraged lease transaction. It also compares that lease with leasing practices in the private sector. In addition, the guidelines and legislation enacted by Congress prescribing procedures to be used by the Department of Defense when considering similar transactions in the future are examined. Finally, several lessons learned from the Navy's leveraged lease transaction are reviewed to better understand the basic issues which precipitated the initial controversy, and to provide a framework for future Department of Defense long-term leasing agreements. Originator-supplied keywords: Lease versus buy, Leveraged leasing, Ship financing.
Publisher:
ISBN:
Category :
Languages : en
Pages : 177
Book Description
In 1984, the United States Navy began closing the largest leveraged lease agreement ever undertaken. The cost and structural complexity of that transaction, and the use of tax benefit transfers to partially pay for ship charters have made it one of the most controversial defense programs in recent years. This study examines the controversial issues which have surrounded the Navy's leveraged lease transaction. It also compares that lease with leasing practices in the private sector. In addition, the guidelines and legislation enacted by Congress prescribing procedures to be used by the Department of Defense when considering similar transactions in the future are examined. Finally, several lessons learned from the Navy's leveraged lease transaction are reviewed to better understand the basic issues which precipitated the initial controversy, and to provide a framework for future Department of Defense long-term leasing agreements. Originator-supplied keywords: Lease versus buy, Leveraged leasing, Ship financing.
Investigation of Proposed Lease of Alameda Industrial Shipyard, Alameda, Calif., by the Department of the Navy
Author: United States. Congress. House. Committee on Armed Services. Special Subcommittee on Procurement
Publisher:
ISBN:
Category : Governmental investigations
Languages : en
Pages : 132
Book Description
Publisher:
ISBN:
Category : Governmental investigations
Languages : en
Pages : 132
Book Description
Defense Acquisitions
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Leases
Languages : en
Pages : 26
Book Description
Publisher:
ISBN:
Category : Leases
Languages : en
Pages : 26
Book Description
Investigation of Proposed Lease of Alameda Industrial Shipyard, Alameda, Calif., by the Department of the Navy
Author: United States. Congress. House. Committee on Armed Services
Publisher:
ISBN:
Category : Navy-yards and naval stations
Languages : en
Pages : 138
Book Description
Publisher:
ISBN:
Category : Navy-yards and naval stations
Languages : en
Pages : 138
Book Description
Federal Leasing Practices
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight
Publisher:
ISBN:
Category : Charter-parties
Languages : en
Pages : 202
Book Description
Publisher:
ISBN:
Category : Charter-parties
Languages : en
Pages : 202
Book Description
Navy's Plan to Move from Leased Space to the Washington Navy Yard
Author: United States. Congress. Senate. Committee on Armed Services. Subcommittee on Military Construction
Publisher:
ISBN:
Category : Navy-yards and naval stations, American
Languages : en
Pages : 80
Book Description
Publisher:
ISBN:
Category : Navy-yards and naval stations, American
Languages : en
Pages : 80
Book Description
Report of Bureau of Supplies & Accounts of the Navy Leasing Program from July 1, 1942 to February 1, 1943
Author: United States. Congress. House. Committee on Naval Affairs
Publisher:
ISBN:
Category : Military bases
Languages : en
Pages : 38
Book Description
Publisher:
ISBN:
Category : Military bases
Languages : en
Pages : 38
Book Description
Tax and Budget Issues Related to Leasing by Nontaxable Entities
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight
Publisher:
ISBN:
Category : Charter-parties
Languages : en
Pages : 44
Book Description
Publisher:
ISBN:
Category : Charter-parties
Languages : en
Pages : 44
Book Description
Defense Acquisition
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781720583967
Category :
Languages : en
Pages : 28
Book Description
Defense Acquisition: Historical Insights Into Navy Ship Leasing
Publisher: Createspace Independent Publishing Platform
ISBN: 9781720583967
Category :
Languages : en
Pages : 28
Book Description
Defense Acquisition: Historical Insights Into Navy Ship Leasing