Common use of Cost Benefit Analysis Clause in Contracts

Cost Benefit Analysis. The cost benefit analysis (Attachment 2) conducted for the PARIS matching programs (including this matching program using DoD data, and a related matching program using Department of Veterans Affairs (VA) data) demonstrates their likelihood to be cost effective. In addition to certain qualitative benefits, the analysis reflects total federal and state agency costs of approximately $3,944,915.72 per year, and total state benefits savings of approximately $221,427,015.00 per year.1 1 The estimated state benefits of this matching program are based on a 2007 cost-benefit analysis undertaken by HHS/ACF to assess the potential impact of PARIS on state programs system-wide. Although a similar systemic study has not been conducted in recent years, ACF estimates the current benefits of PARIS are at least as large as the 2007 estimate. In the 2007 analysis there were 40 states participating in PARIS and today all 50 States, District of Columbia and Puerto Rico participate in PARIS.