Accurate cost estimation critical to government, military procurement

Last year, procurement Minister Jody Foote was prompted by the swirling controversies around the Canadian Surface Combatant acquisition process to announce that her office would not be releasing any cost estimates for the program until the contract to build has been actually signed. The climbing cost of the F-35 jets ( initially estimated at $16 billion and now hovering nearer to $44 billion) remains a constant drag to...