Obligation outcomes
Under-delivery rather than cost overrun
A grant award is an authorization that can be reduced before closeout, so a delivery shortfall appears as deobligation rather than as cost growth. The final-to-initial obligation ratio is asymmetric around 1.0: 43.2% of projects finish more than 5% below their award and 18.0% more than 5% above it, and 68.3% are deobligated at least once.
Final obligation relative to initial award
Final-to-initial obligation ratio, share of projects, clipped at .3 and 1.5
Descoped >5% · 43.2%Held within ±5% · 38.8%Grew >5% · 18.0%
Deobligation incidence by mitigation family
Share of projects with at least one deobligation; dashed line, portfolio rate
Incidence is highest for property acquisition (85.1%), where delivery depends on the continued participation of private owners after the award, and lowest for the families dominated by equipment procurement.