Enhancing Cost Realism through Risk-Driven Contracting: Designing Incentive Fees based on Probabilistic Cost Estimates - Couverture souple

Dorey, Sean

 
9781288294374: Enhancing Cost Realism through Risk-Driven Contracting: Designing Incentive Fees based on Probabilistic Cost Estimates
Couverture souple
ISBN 10 : 1288294379 ISBN 13 : 9781288294374
Editeur : Biblioscholar, 2012

Synopsis

A risk-driven contract structure is proposed to enhance the cost realism of competitive proposals for the Engineering and Manufacturing Development (EMD) phase of the acquisition lifecycle. An economic theory framework is employed to discuss how the cost-plus contracts typically used during this phase have inadvertently motivated contractors to provide optimistic cost estimates in an attempt to win competitive source selections. By directly mapping probabilistic cost estimates to profit distributions, risk-driven contracts offer a structured method to impose more cost risk sharing on contractors during EMD. Holding contractors accountable for their cost estimates and cost performance should enhance the realism of their cost proposals and ultimately reduce the cost growth that continues to plague the defense acquisition system.

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Éditeur
Biblioscholar
Date d'édition
2012
Langue
anglais
ISBN 10 
1288294379
ISBN 13 
9781288294374
Reliure
Broché
Nombre de pages
68
Coordonnées du fabricant
non disponible
Personne responsable
non disponible

Autres éditions populaires du même titre

9781288417414: Enhancing Cost Realism through Risk-Driven Contracting: Designing Incentive Fees Based on Probabilistic Cost Estimates

Edition présentée

ISBN 10 :  1288417411 ISBN 13 :  9781288417414
Editeur : BiblioBazaar, LLC, 2012
Couverture souple