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 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 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 Effects of Incentive Contracts in Research and Development written by Edward B. Roberts and published by Forgotten Books. This book was released on 2018-02-23 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Effects of Incentive Contracts in Research and Development: A Preliminary Research Report In the past several years an effort has originated in the Defense Department (and followed by other government agencies) to discourage the use of cost-p1us=fixed fee (cpff) contracts and substitute contractual incentive arrangements. This effort supposedly relies upon the profit motive to reduce requirements for direct government control and to stim ulate better contractor performance and cost estimating. Incentive type contracts are not new in government contracting. Production contracts have been awarded on a fixed price basis for many years. The fixed price contract provides maximum correlation of contract profits with contract cost, and in theory might offer maximum cost incentive. How ever the use of incentive arrangements on r&d contracts is the novel feature of the dod (and nasa) programs of the past several years. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book Incentive Contracts written by United States. General Accounting Office and published by . This book was released on 1987 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of Defense Incentive Contracting Guide written by United States. Office of the Assistant Secretary of Defense (Installations and Logistics) and published by . This book was released on 1963 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Defense Contracting DOD Needs Better Information on Incentive Outcomes written by United States. Government Accountability Office and published by . This book was released on 2017 with total page 45 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"--Preliminary page.
Download or read book Cost Plus Incentive Fee Government Contracting written by Thomas R. Nevitt and published by . This book was released on 1964 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 Procurement Incentives and Bargaining Friction written by John J. Horton and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A transaction cost theory of procurement developed by Bajari and Tadelis (2001) models the buyer's choice of incentive structure as endogenous, with buyers trading off the efficiency of high-powered incentives against the ex post bargaining friction these incentives can create. The source of the bargaining friction is assumed to be asymmetric information between the buyer and seller about the true costs of adapting the project to changed conditions. Using government contract data and an instrument based on contracting-office idiosyncratic variation in preference for various contractual forms, I estimate the effect of a buyer choosing a fixed-price (i.e., high-powered) contract on the probability that the contract will lead to litigation, which proxies for bargaining failure and friction. I find that (a) fixed-price contracts are far more likely to be litigated that cost-plus contracts and (b) the instrumental variables estimate of the effect of choosing a fixed-price structure is almost twice as larges as the biased, OLS estimate. These results are consistent with the main predictions of the Bajari and Tadelis model.
Download or read book Correction of Mistakes in Contracts Under Public Law 85 804 written by George Washington University. Government Contracts Program and published by . This book was released on 1961 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Incentives in Government Contracts written by and published by . This book was released on 1962 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Government Health Care Contract Incentives written by Mark S. Teskey and published by . This book was released on 1999 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Incentive Contracting written by Ralph C. Nash and published by . This book was released on 1963 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Evaluation of Incentive Contracting in Government Procurement written by Gary LeRoy Whitaker and published by . This book was released on 1970 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
