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<br />;.:...... <br /> <br />/~::.;.~ .: <br /> <br />..'.- .j <br /> <br />Risks tor both cest and benefl~eshmates shel,lld be covered as <br /> <br />separate items !lnd labeled "contingencies," rather than be included in <br /> <br />conBtruction,qull-nti ti~s, crepyieldB, .orB iJililar factors. <br />.1:, <br /> <br />.' I. <br /> <br />Peried .of Analysis <br /> <br />The Btatelllent .on period .of: fl,nalysis .in the May 1950 repert by the <br />Benefits and COBt;sSubcoDInitteeof the Federal" Inter-Agency River:Basin <br />. .. '. .!' . . <br />-, ' <br /> <br />Committeead"equatelycoversth~ procedures to be applied in the Arkansas- <br /> <br />". ., <br /> <br />Vfui te-Red Basins study. Ample al16wance shouJ.d be made for operation <br /> <br />, <br />and maintenanclf ohargesto ins\.n"efull operating oapacity fer the useful, <br />.' :. ,. .'. '.' <br /> <br />life of the projeot., <br /> <br />Treatment of Tangible and ~nt,angibleEffects <br />If the seleoted degree of projeot d~,?,e~opment is,irtfluenced in <br />.... :'.: \,"..' ':1' '.' '...- <br /> <br />either direction 'by Bpecifio intaz:gibleeffects, '"theminimum benefits <br />.;, ..... <br /> <br />',' . <br /> <br />, . .l, ..' <br />and cests attaching to such effeots BhaH "be etearlyindioated; insofar <br />':,'1 ..,.,:' '. .... <br /> <br />as pOBsible, in quantitative and qualitative terms. These items should <br /> <br />be itemized and reported separately,fram the tangible benefits and oosts <br /> <br />and sheuld be r~\l-dily identifiable, with their relative importanoe indi- <br /> <br />oated whenever possible. <br /> <br />Adjustments for Levels of Eoonomio Aotivity <br /> <br />The principle already adopted by Arkansas-White-Red Basins Inter- <br />Agenoy Committee ,relative to this subject is that the Arkansas-~~ite- <br /> <br />Red Basin report projects are to be formulated and analyzed under the <br /> <br />aBsumption of a relatively high level .of resouroe employment. <br /> <br />9 <br />