Giraffe Hero Blows Whistle on Inflated Cost Estimates

by Giraffe Heroes Project on Aug 9, 2013 | Views: 130 | Score: 0

	Navy's original cost estimate	Reid's estimate	Final Cost
Cost Estimates for Submarines	392	90	89

Cost to build submarines ($ millions)

Sources: giraffe.org

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Giraffe Heroes Project on Aug 9, 2013 2:36 PM said:

Tim Reid is a Giraffe Hero for challenging a $392 million contract to build Navy submarines. An engineer, Reid knew the real cost would be only $90 million. When he couldn’t stop the contract, he went to Congress. The deal was cancelled and the subs were built for $89 million. Reid was fired, then reinstated after a long battle.