Ministry warned to keep purchasing in its sights_2
19 July 2012
Procurement performance must be better monitored if future defence projects are to be completed on time and within budget, according to the government spending watchdog.
In its annual review, Ministry of Defence Major Projects 2001, the National Audit Office (NAO) found that the cost of the top 20 military equipment schemes fell for the second year running. This saved £283 million on 12 projects, offsetting increases of £183 million elsewhere.
Although 15 of the projects were approved prior to smart acquisition, a strategy...