Accession Number:

AD0653508

Title:

A METHOD FOR SELECTING CONTRACT COST INCENTIVES

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CA

Personal Author(s):

• Miller, Ralph E.

Report Date:

1967-03-01

Pagination or Media Count:

74.0

Abstract:

Selection of an appropriate sharing rate for cost incentive contracts might save the Federal Government large sums of money each year. Theoretical criteria for making this choice have long been known however, no results have been established because suitable empirical analyses of the problem are lacking. The memorandum considers the empirical evidence necessary for determining appropriate sharing proportions. It shows what data are needed, indicates how they should be used, and proposes a method for collecting them.

Descriptors:

• *CONTRACTS
• *GOVERNMENT PROCUREMENT
• DECISION MAKING
• COST EFFECTIVENESS
• ECONOMICS
• PROBABILITY
• COSTS
• SELECTION

Subject Categories:

• Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE