Cost Estimation And Performance Incentives In Government Contracts

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Cost Estimation And Performance Incentives In Government Contracts

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Author : Kent Harold Osband
language : en
Publisher:
Release Date : 1985

Cost Estimation And Performance Incentives In Government Contracts written by Kent Harold Osband and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Defense contracts categories.

Effects Of Incentive Contracts In Research And Development

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Author : Edward B. Roberts
language : en
Publisher: Forgotten Books
Release Date : 2018-02-23

Effects Of Incentive Contracts In Research And Development written by Edward B. Roberts and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-23 with Reference categories.

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.

Cost Estimating And Contract Pricing

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Author : Gregory A. Garrett
language : en
Publisher: Wolters Kluwer
Release Date : 2008-01-01

Cost Estimating And Contract Pricing written by Gregory A. Garrett and has been published by Wolters Kluwer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-01 with Law categories.

The process of estimating the cost for the development and delivery of a product, service, or solution can range from simple to highly complex based upon multiple factors including: technology maturity, urgency, geographic location, quantity, quality, availability of resources, hardware and software, systems integration and more. This book provides a comprehensive discussion of cost estimating and contract pricing with extensive use of tools, techniques, and best practices from both the public and private sectors. Key topics of discussion include: Cost estimating methods Cost accounting standards Cost analysis Profit analysis Contract pricing arrangements Price analysis Total ownership cost Earned value management systems

Incentives In Government Contracting

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Author : R. Preston McAfee
language : en
Publisher:
Release Date : 1988

Incentives In Government Contracting written by R. Preston McAfee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Law categories.

Cost Estimator S Reference Manual

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Author : Rodney D. Stewart
language : en
Publisher: John Wiley & Sons
Release Date : 1995-04-03

Cost Estimator S Reference Manual written by Rodney D. Stewart and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-04-03 with Business & Economics categories.

In today's hypercompetitive global marketplace, accurate costestimating is crucial to bottom-line results. Nowhere is this moreevident than in the design and development of new products andservices. Among managing engineers responsible for developingrealistic cost estimates for new product designs, the number-onesource of information and guidance has been the Cost Estimator'sReference Manual. Comprehensive, authoritative, and practical, the Manual instructsreaders in the full range of cost estimating techniques andprocedures currently used in the fields of development, testing,manufacturing, production, construction, software, generalservices, government contracting, engineering services, scientificprojects, and proposal preparation. The authors clearly explain howto go about gathering the data essential to preparing a realisticestimate of costs and guide the reader step by step through eachprocedure. This new Second Edition incorporates a decade of progress in themethods, procedures, and strategies of cost estimating. All thematerial has been updated and five new chapters have been added toreflect the most recent information on such increasingly importanttopics as activity-based costing, software estimating,design-to-cost techniques, and cost implications of new concurrentengineering and systems engineering approaches to projects. Indispensable to virtually anyone whose work requires accurate costestimates, the Cost Estimator's Reference Manual will be especiallyvaluable to engineers, estimators, accountants, and contractors ofproducts, projects, processes, and services to both government andindustry. The essential ready-reference for the techniques, methods, andprocedures of cost estimating COST ESTIMATOR'S REFERENCE MANUAL Second Edition Indispensable for anyone who depends on accurate cost estimates forengineering projects, the Cost Estimator's Reference Manual guidesthe user through both the basic and more sophisticated aspects ofthe estimating process. Authoritative and comprehensive, the Manualseamlessly integrates the many functions--accounting, financial,statistical, and management--of modern cost estimating practice.Its broad coverage includes estimating procedures applied to suchareas as: * Production * Software * Development * General services * Testing * Government contracting * Manufacturing * Engineering * Proposal preparation * Scientific projects * Construction This updated and expanded Second Edition incorporates all the mostimportant recent developments in cost estimating, such asactivity-based costing, software estimating, design-to-costtechniques, computer-aided estimating tools, concurrentengineering, and life cycle costing. For engineers, estimators, accountants, planners, and others whoare involved in the cost aspects of projects, the Cost Estimator'sReference Manual is an invaluable information source that will payfor itself many times over.

Incentive Contracting Guide

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Author : United States. Department of Defense
language : en
Publisher:
Release Date : 1969

Incentive Contracting Guide written by United States. Department of Defense and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969 with Defense contracts categories.

Price Profit The Essential Guide To Product Service Pricing And Profit Forecasting Developing Your Competitive Pricing Strategy Using Performance Based Contracts And Performance Incentives The Fundamentals Of Cost Estimating And Profit Forecasting Valuable Contract Negotiation Tools For Buyers And Sellers

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Author : William R. Berends
language : en
Publisher: William R. Berends
Release Date : 2004

Price Profit The Essential Guide To Product Service Pricing And Profit Forecasting Developing Your Competitive Pricing Strategy Using Performance Based Contracts And Performance Incentives The Fundamentals Of Cost Estimating And Profit Forecasting Valuable Contract Negotiation Tools For Buyers And Sellers written by William R. Berends and has been published by William R. Berends this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Marketing categories.

Nhb

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Author :
language : en
Publisher:
Release Date :

Nhb written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with Aeronautics categories.

Use Of Incentives In Performance Based Logistics Contracting

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Author : Gregory Sanders
language : en
Publisher: Rowman & Littlefield
Release Date : 2018-04-19

Use Of Incentives In Performance Based Logistics Contracting written by Gregory Sanders and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-19 with Political Science categories.

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.

Performance Award Fee And Cost Incentives During System Design And Development

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Author :
language : en
Publisher:
Release Date : 2010

Performance Award Fee And Cost Incentives During System Design And Development written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.

The analysis addresses the use of Performance Incentives and Award Fees in DoD contracting, during System Development and Demonstration (SDD). There is discussion of the F/A-18E/F contract that included cost-sharing, Performance Incentives and Award Fees. However, we first discuss recent GAO criticism of profits received on Award Fee contracts and the response by DoD and other organizations. Next, the general policy guidelines established in 1969 by DoD and NASA that are still in effect are reviewed, as are the recommendations made by academic economists beginning in the 1970s. We also discuss the recent introduction of System Design Specifications. While these specifications contain a great deal of information that can be used when developing Performance Incentives and Award Fees, this new policy represents a movement away from performance specifications and may constrain a contractor's ability to make trade-off decisions. The broad conclusion of this analysis is that the intuition obtained from the 1969 DoD and NASA Guide might be combined with that of economists when properly structuring incentive contracts. This may help achieve the objectives of the government when there is pervasive cost uncertainty, challenging performance characteristics, and certain contractor actions not easily observable by the government.