The US Coast Guard could potentially save hundreds of millions of dollars by procuring Offshore Patrol Cutters through block buys, the Congressional Research Service says. (US Coast Guard)

A block buy of Offshore Patrol Cutters (OPCs) could save the US Coast Guard (USCG) a significant amount of money, according to the US Congressional Research Service (CRS).

“CRS estimates that if the coast guard were to use block buy contracting with EOQ [economic order quantity] purchases of components for acquiring the first several OPCs beginning with OPC 5, and either block buy contracting with EOQ purchases or another form of multiyear contracting known as multiyear procurement (MYP) with EOQ purchases for acquiring the remaining ships in the program, the savings on the total acquisition cost of the 25 OPCs (compared to costs under contracts with options) could amount to hundreds of millions of dollars,” the CRS said in its report, Coast Guard Cutter Procurement: Background and Issues for Congress , released on 10 July.

The US Coast Guard could potentially save hundreds of millions of dollars by procuring Offshore Patrol Cutters through block buys, the Congressional Research Service says. (US Coast Guard)

A block buy of Offshore Patrol Cutters (OPCs) could save the US Coast Guard (USCG) a significant amount of money, according to the US Congressional Research Service (CRS).

“CRS estimates that if the coast guard were to use block buy contracting with EOQ [economic order quantity] purchases of components for acquiring the first several OPCs beginning with OPC 5, and either block buy contracting with EOQ purchases or another form of multiyear contracting known as multiyear procurement (MYP) with EOQ purchases for acquiring the remaining ships in the program, the savings on the total acquisition cost of the 25 OPCs (compared to costs under contracts with options) could amount to hundreds of millions of dollars,” the CRS said in its report, Coast Guard Cutter Procurement: Background and Issues for Congress , released on 10 July.

The US Coast Guard could potentially save hundreds of millions of dollars by procuring Offshore Patrol Cutters through block buys, the Congressional Research Service says. (US Coast Guard)

A block buy of Offshore Patrol Cutters (OPCs) could save the US Coast Guard (USCG) a significant amount of money, according to the US Congressional Research Service (CRS).

“CRS estimates that if the coast guard were to use block buy contracting with EOQ [economic order quantity] purchases of components for acquiring the first several OPCs beginning with OPC 5, and either block buy contracting with EOQ purchases or another form of multiyear contracting known as multiyear procurement (MYP) with EOQ purchases for acquiring the remaining ships in the program, the savings on the total acquisition cost of the 25 OPCs (compared to costs under contracts with options) could amount to hundreds of millions of dollars,” the CRS said in its report, Coast Guard Cutter Procurement: Background and Issues for Congress , released on 10 July.

The US Coast Guard could potentially save hundreds of millions of dollars by procuring Offshore Patrol Cutters through block buys, the Congressional Research Service says. (US Coast Guard)

A block buy of Offshore Patrol Cutters (OPCs) could save the US Coast Guard (USCG) a significant amount of money, according to the US Congressional Research Service (CRS).

“CRS estimates that if the coast guard were to use block buy contracting with EOQ [economic order quantity] purchases of components for acquiring the first several OPCs beginning with OPC 5, and either block buy contracting with EOQ purchases or another form of multiyear contracting known as multiyear procurement (MYP) with EOQ purchases for acquiring the remaining ships in the program, the savings on the total acquisition cost of the 25 OPCs (compared to costs under contracts with options) could amount to hundreds of millions of dollars,” the CRS said in its report, Coast Guard Cutter Procurement: Background and Issues for Congress , released on 10 July.

The US Coast Guard could potentially save hundreds of millions of dollars by procuring Offshore Patrol Cutters through block buys, the Congressional Research Service says. (US Coast Guard)

A block buy of Offshore Patrol Cutters (OPCs) could save the US Coast Guard (USCG) a significant amount of money, according to the US Congressional Research Service (CRS).

“CRS estimates that if the coast guard were to use block buy contracting with EOQ [economic order quantity] purchases of components for acquiring the first several OPCs beginning with OPC 5, and either block buy contracting with EOQ purchases or another form of multiyear contracting known as multiyear procurement (MYP) with EOQ purchases for acquiring the remaining ships in the program, the savings on the total acquisition cost of the 25 OPCs (compared to costs under contracts with options) could amount to hundreds of millions of dollars,” the CRS said in its report, Coast Guard Cutter Procurement: Background and Issues for Congress , released on 10 July.

The US Coast Guard could potentially save hundreds of millions of dollars by procuring Offshore Patrol Cutters through block buys, the Congressional Research Service says. (US Coast Guard)

A block buy of Offshore Patrol Cutters (OPCs) could save the US Coast Guard (USCG) a significant amount of money, according to the US Congressional Research Service (CRS).

“CRS estimates that if the coast guard were to use block buy contracting with EOQ [economic order quantity] purchases of components for acquiring the first several OPCs beginning with OPC 5, and either block buy contracting with EOQ purchases or another form of multiyear contracting known as multiyear procurement (MYP) with EOQ purchases for acquiring the remaining ships in the program, the savings on the total acquisition cost of the 25 OPCs (compared to costs under contracts with options) could amount to hundreds of millions of dollars,” the CRS said in its report, Coast Guard Cutter Procurement: Background and Issues for Congress , released on 10 July.