Download or read book Balancing Government Risks with Contractor Incentives in Performance based Logistics Contracts written by Christopher P. Gardner and published by . This book was released on 2008 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Use of Incentives in Performance Based Logistics Contracting written by Gregory Sanders and published by Rowman & Littlefield. This book was released on 2018-04-19 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional contracting is primarily transactional, rewarding contractors when deliveries are made or certain process milestones are met. Performance-Based Logistic (PBL) contracting seeks to base contractor incentives on ongoing performance measures to achieve reliability and cost savings. Key to the success of these arrangements are the incentives that align the interests of the customer and the vendor. This report describes the incentives used in PBL contracts, identifies best practices, and provides recommendations for effective incentives going forward. The study team interviewed PBL practitioners including defense-unique contractors, defense-commercial contractors, and experts who are knowledgeable in the government perspective in the United States and abroad. The team supplemented these interviews by analyzing a PBL dataset of U.S. Department of Defense contracts. Of the four identified categories of incentives—time-based, financial, scope, and other—interviews found that time-based incentives stood out for their reliable appeal and relative underuse in the United States.
Download or read book Defense Management DOD Needs to Demonstrate That Performance Based Logistics Contracts Are Achieving Expected Benefits written by United States Government Accountability Office and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Incentives in Government Contracting written by R. Preston McAfee and published by . This book was released on 1988 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Use of Incentives in Performance Based Logistics Contracting written by Andrew Hunter and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Guide to Performance Based Road Maintenance Contracts written by Asian Development Bank and published by Asian Development Bank. This book was released on 2018-04-01 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Road asset management is one of the top priorities of the Central Asia Regional Economic Cooperation (CAREC) Transport and Trade Facilitation Strategy 2020. The implementation of performance-based road maintenance contracts (PBCs)—an essential element of road asset management—promotes effective and efficient maintenance of road networks. Well-designed PBCs keep roads in predefined good condition at relatively low cost. This guide aims to help policy makers in CAREC member countries understand and implement PBCs. After a brief history of the development of PBCs, it discusses the various types of PBCs and their relative advantages and disadvantages. It highlights PBC implementation in selected developed, developing, and transitional countries, including CAREC member countries, to illustrate best practices.
Download or read book The Use of Performance Incentives in DOD Contracting written by and published by . This book was released on 1998 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance incentives have a long and interesting history in the Department of Defense (DoD). As a result of policy guidance, numerous contracts written during the 1960s and 1970s based profit, in part, on objectively measured performance characteristics. Such contracts may have renewed policy relevance today because of both the change from detailed design-to-performance specifications and the implementation of Cost as an Independent Variable (CAIV). During a time of rapid technological change, performance incentives may also support the decentralized execution of a centralized planning process. In this analysis, particular attention is paid to the DoD cost-effectiveness model developed during the 1960s. Using the policy prescription of this model, the author examines the empirical relationship between the performance achieved by contractors and such variables as the cost-sharing ratio, target cost, and target profit. Recently, economists have extended this model by emphasizing the distinction between accounting profit and economic profit when contractor effort is unobservable. He argues that the government is likely to know a great deal about the contractor's effort and that contracts combining performance incentives with subjectively determined award fees may have very desirable properties. The F/A-18E/F contract is an important example of this type of incentive arrangement.
Download or read book Using Effective Contractual Incentives to Obtain Superior Contractor Performance written by Timothy B. Venable and published by . This book was released on 2000-12-01 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this thesis is to provide the reader with the ability to analyze the effectiveness of incentives and to document innovative approaches to incentive contracting that can be applied to Cost-Plus-Award-Fee (CPAF) contracts. While a CPAF contract is a vehicle to obtain products or services needed by the Government, it also acts as a management tool for the awarding entity, which focuses on the impact of meeting or exceeding award criteria. The need for improved procurement effectiveness necessitates the exploration of innovative arrangements. Contracting officers must take advantage of reforms and become innovative in their approach to provide best value in programs. More efficient ways of doing business are available and must be capitalized upon. Changes in the regulations have given the contracting officer the freedom to innovate. They must use this new freedom in order to meet DoD's expanding requirements with increasingly limited resources. The use of innovative incentives to contractor performance is beginning a period of renaissance. Numerous Government entities have embraced the use of innovative arrangements in the effort to get goods and services better, faster, and cheaper. The contracting officer must determine which incentives are most effective for a program based upon numerous variables.
Download or read book Performance Based Logistics written by Sang-Hyun Kim and published by . This book was released on 2000 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mastering the Risky Business of Public Private Partnerships in Infrastructure written by Manal Fouad and published by International Monetary Fund. This book was released on 2021-05-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
Download or read book Acquisition Trends 2018 written by Rhys McCormick and published by Rowman & Littlefield. This book was released on 2019-09-16 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report analyzes the current state of affairs in defense acquisition by combining detailed policy and data analysis to provide a comprehensive overview of the current and future outlook for defense acquisition. This analysis will provide critical insights into what DoD is buying, how DoD is buying it, from whom is DoD buying, and what are the defense components buying using data from the Federal Procurement Data System (FPDS). This analysis provides critical insights into understanding the current trends in the defense industrial base and the implications of those trends on acquisition policy.
Download or read book Air Force Journal of Logistics written by and published by . This book was released on 1998 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Air Force journal of logistics vol25 no2 written by and published by DIANE Publishing. This book was released on with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Adverse Risk Incentives and the Design of Performance based Contracts written by Mark Grinblatt and published by . This book was released on 1988 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Performance based logistics a program manager s product support guide written by and published by DIANE Publishing. This book was released on with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Performance Based Logistics written by Michael Eßig and published by Springer-Verlag. This book was released on 2013-10-23 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance Based Logistics ist ein Ansatz, dessen Kern eine an messbaren Ergebnissen orientierte Lebenszyklus-Beschaffung darstellt, wobei monetäre Anreizsysteme die Optimierung der Wirtschaftlichkeit über den gesamten Nutzungszeitraum sicherstellen. Dieses Buch reflektiert die aktuelle Diskussion in Forschung und Praxis, wobei Best-Practice-Beispiele einen Austausch von Erfahrung und Wissen unterschiedlicher, auch internationaler Projekte ermöglichen.
Download or read book Optimal Contract Mechanism Design for Performance based Contracts written by Diwakar Gupta and published by . This book was released on 2011 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report explores the possibility of implementing a performance-based contract (PBC) in highway construction and maintenance. PBC allows a state transportation agency (STA) to use an incentive structure to induce the contractor to take a long-term interest in the functionality of the highway without excessive cost to the STA. First, an overview of contract mechanisms and existing PBCs in industry is provided. Then, a summary of performance-based specifications illustrates that contractors can adopt construction and maintenance policies to significantly improve pavement performance. Finally, a framework for choosing PBCs to achieve STAs' goals is provided, with a discussion of some of the difficulties associated with implementation. It can be seen that, in a competitive bidding process, the additional cost of incentives is not larger than the additional value gained by higher-quality work.
