Effects of Incentive Contracts in Research and Development: A Preliminary Research Report (Classic Reprint) - Softcover

Edward B. Roberts

 
9781332880522: Effects of Incentive Contracts in Research and Development: A Preliminary Research Report (Classic Reprint)

Synopsis

This book delves into the effects of incentive contracts in research and development, providing valuable insights for government agencies and contractors alike. The author, a renowned expert in the field, examines five case studies of contracts that were converted from a cost reimbursement basis to an incentive-based structure. The analysis reveals that contractors often avoid risk by delaying negotiations or refusing agreements that could lead to cost-sharing. Moreover, the prospect of financial losses can motivate contractors to engage in harmful practices such as excessive cost-cutting and threats to halt work. The book also highlights the increased attention paid to contract changes under incentive arrangements, leading to both benefits and challenges in managing project scope. Ultimately, this book raises important questions about the effectiveness of incentive contracting in research and development and offers valuable lessons for practitioners in this field.

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