dan guran, thanks for joining us. welcome back,. >> my pleasure, always. >> how bad is the pentagon's regulatory oversight burden? how did we get here and what are the costs associated with it that you found? >> it is a very heavy burden. the estimates from varies studies are that on an individual contract basis or program business, it can be as high as 60% of the value. overall, it could be in the range of $100 billion a year of added costs over what things would cost without those regulations, law, and requirements. >> the range is 45 to $95 billion. or so. which is what the size of it is. >> yes. >> how did you figure out how much that costs? and is there any one particular regulation or category of regulations that puts you into that kind of a cost category? >> well, we figured it out by going through the varies kinds of these cost categories, for example antiquated acquisition procedure, the lack of modern supply chain management, regulations that restrict what can be done and the way in which you purchase, or ho