Download or read book Defense Procurement Outcomes in the Incentive Contract Environment written by David Leigh Belden and published by . This book was released on 1969 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Examination of Recent Defense Contract Outcomes in the Incentive Environment written by John M. Parker and published by . This book was released on 1971 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Examination of Recent Defense Contract Outcomes in the Incentive Environment written by John M. Parker and published by . This book was released on 1971 with total page 0 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 Contracting written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-21 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In fiscal year 2015, DOD obligated $274 billion on contracts for products and services, a portion of which was for contracts that used incentive and award fee provisions-or incentive contracts-intended to improve cost, schedule, and technical performance outcomes. Work by GAO and others has shown that such contracts, when not well managed, can lead to unnecessary costs shouldered by the American taxpayer. Beginning in 2010, DOD made regulatory and policy changes related to incentives. GAO was asked to review DOD's use of incentives. This report (1) identifies steps DOD has taken to improve its use of incentive contracts since 2010, and (2) assesses the extent to which selected DOD incentive contracts achieved desired acquisition outcomes. To conduct this work, GAO reviewed relevant federal and DOD guidance; analyzed DOD obligations and new contract award data for fiscal years 2005 through 2015, before and after regulatory and policy changes; and analyzed a nongeneralizable sample of 26 contracts and task orders that contained incentives and 9 contract actions providing for award fees that were awarded between fiscal years 2011 and 2015 and reported as completed by the end of fiscal year 2015 to assess contract outcomes.
Download or read book Award Term Incentive Contracting written by Rachael A. Harris and published by . This book was released on 2001-03 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research explored implementing a best commercial practice of establishing strategic purchasing relationships within the Department of Defense (DOD) procurement environment. The research was sparked by Air Force Material Command's (AFMC) instituting a commercial style acquisition strategy using an award term incentive on several programs. The award term incentive provides for extensions or reductions to the term of the contract based on contractors' level of performance. Forthcoming implementation of Air Force FAR supplement 5317.7X Incentive Term Extension, will likely increase the number of acquisitions using an award term incentive. Research findings indicate that management should consider expanding the AFMC award term guidance to include the model developed from this research, which identifies decision criteria for selecting the award term incentive strategic purchasing method. Findings indicate that the acquisition professionals may not have the expertise or related purchasing skills necessary to establish strategic purchasing relationships for commercial type performance based services and that training is needed. The researcher also uncovered evidence that instability and reductions in the DOD workforce affects acquisition professionals' ability to maintain currency with the changing legal environment. Further, workforce instability and reductions may influence the implementation of strategic contractual relationships. The research concludes that implementing the award term incentive affects the DOD competitive market.
Download or read book Incentive Contracting Guide written by United States. Department of Defense and published by . This book was released on 1969 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Incentives In Procurement Contracting written by Jim Leitzel and published by Routledge. This book was released on 2019-08-19 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a nontechnical treatment of issues that arise in procurement contracting, with an emphasis on major weapons systems procurement. Employing the economic theory of agency as their analytical framework, contributors assess the incentives that arise, for both buyers and sellers, in different contractual settings. Procurement contra
Download or read book Defense acquisition improved program outcomes are possible written by and published by DIANE Publishing. This book was released on 1998 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are pleased to be here today to discuss issues facing the Department of Defense (DOD) in its acquisition of weapon systems, related spare parts, and other goods and services. In response to the many changes that have been witnessed in the defense acquisition environment over the last few years, DOD has begun broad-based changes to its acquisition and contracting processes. However, weapon programs continue to have questionable requirements; unrealistic cost, schedule, and performance estimates; and strategies that begin production before adequate testing has been completed. This discussion of acquisition issues is well-timed, as DOD implements plans to increase its procurement budget to $60 billion in fiscal year 2001-a 40-percent increase over last fiscal year's budget. My testimony focuses on a different approach to improving weapon acquisition outcomes based on best commercial practices and an understanding of the acquisition culture. My testimony also includes some observations on (1) DOD'S management of its acquisition workforce and organization, (2) DOD'S experience with commercial pricing of spare parts, (3) the effectiveness of DOD'S mentor-protege pilot program, and (4) federal agencies' use of multiple award task- and delivery-order contracts.
Download or read book Incentive Contracts The Attributes that Matter Most in Driving Favorable Outcomes written by and published by . This book was released on 2007 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Incentive contracts have been in place for many years. They represent just one of many contractual tools the Department of Defense has at its disposal to drive certain performance behaviors. Lately, the usefulness of incentive contracts has come into question. The dividends have not been readily apparent. This research study set out to determine what generally afforded strong correlations between incentive-type contracts and expected performance outcomes. Twenty-five weapon system acquisition programs offices were interviewed in various stages of their acquisition life cycles. A standardized questionnaire-survey was used to capture the data. This presentation prepared for the Fourth Annual Acquisition Research Symposium will address the findings and include a few key recommendations intended to better arm the acquisition workforce on the use of incentive contracts.
Download or read book Can Profit Policy and Contract Incentives Improve Defense Contract Outcomes written by and published by . This book was released on 2008 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the use of profit and contract finance policies as tools to motivate defense contractors to deliver systems that perform as required, on time, and within budget. It explores three areas where contract outcomes appear to be linked to these policies: the weighted guidelines; incentive contract features; and major sole-source procurement programs. With the weighted guidelines--provisions in the Defense Federal Acquisition Regulation Supplement (DFARS) for determining the base fee specified in a typical DoD acquisition contract--the facilities capital mark-up and its effect on capital investment is examined. Also, the effect of contract incentives on cost growth is studied. Finally, the economic "prize" model inherent in major defense acquisitions is re-examined in the context of its incentive effect on system cost. The study conclusions suggest that the incentive tools examined cannot be expected to greatly improve the average performance, schedule, and cost outcomes for the Defense Department.
Download or read book Defense acquisitions DOD has paid billions in award and incentive fees regardless of acquisition outcomes report to the Subcommittee on Readiness and Management Support Committee on Armed Services U S Senate written by and published by DIANE Publishing. This book was released on with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Defense Management Journal written by and published by . This book was released on 1981 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Defense Acquisitions Better Weapon Program Outcomes Require Discipline Accountability and Fundamental Changes in the Acquisition Environment written by Katherine V. Schinasi and published by DIANE Publishing. This book was released on 2009-02 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1990, the DoD mgmt. of major weapon system acquisitions has been designated a high-risk area. DoD has taken some action to improve acquisition outcomes, but its weapons programs continue to take longer, cost more, and deliver fewer capabilities than originally planned. Over the next 5 years, DoD plans to invest about $900 billion to develop and procure weapons systems -- the highest level of investment in two decades. This testimony describes DoD¿s current weapons system investment portfolio, the problems that contribute to cost and schedule increases, and the potential impacts of recent legislative initiatives and DoD actions aimed at improving outcomes. Charts and tables.
Download or read book An Analysis of DOD NASA Contractor Profitability in the Incentive Contract Environment written by Jerry Eldon Trimble and published by . This book was released on 1971 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research evaluates the results of the increased use of incentive-type contracts by the Department of Defense and the National Aeronautics and Space Administration. The efficiency and productivity resulting from the use of capital and labor resources by the defense and space firms are compared over a period of time with a group of similar firms having purely commercial business. The comparison is made with the financial indicators of returns on sales, equity capital and total assets, equity capital turnover, total assets turnover, and sales dollars per employee.
Download or read book The Management of Value Engineering in Defense Contracts written by United States. Department of Defense and published by . This book was released on 1969 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book NASA SP 7500 written by United States. National Aeronautics and Space Administration and published by . This book was released on 1969 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
