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001 220541
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008 231101t19881988onc fo d z eng d
020 _a9781487581404
_qprint
020 _a9781487582685
_qPDF
024 7 _a10.3138/9781487582685
_2doi
035 _a(DE-B1597)9781487582685
035 _a(DE-B1597)527903
035 _a(OCoLC)1121056324
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHD3860
_b.M334 1988
072 7 _aBUS079000
_2bisacsh
082 0 4 _a346.023
_223
084 _aonline - DeGruyter
100 1 _aMcAfee, R. Preston
_eautore
245 1 0 _aIncentives in Government Contracting /
_cJohn McMillan, R. Preston McAfee.
264 1 _aToronto :
_bUniversity of Toronto Press,
_c[1988]
264 4 _c©1988
300 _a1 online resource (184 p.)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aHeritage
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aCould the existing level of government services by provided at a lower cost? This study presents a convincing argument for incentive contracts as a means to this end. In a typical market economy, payments from the government to firms account for about one-half of government spending (excluding transfer payments). By changing the way in which a government pays the firms from which it procures goods and services, it would be possible to maintain the existing array of government programs at a lower price. The major finding of this study is that governments could significantly reduce their expenditures by making extensive use of incentive contracts where they currently use either fixed-price contracts or cost-plus contracts. An incentive contract shares cost overruns and cost underruns between the government and the contractor according to a predetermined ratio. An incentive contract stimulates competition among the firms bidding for the contract and shares the project's risk between the government and the selected firm, while giving the contractor incentives to keep incurred costs low. In addition to advocating the use of incentive contracts, the study analyses the consequences of preferential treatment for domestic content over foreign content in government procurement, discusses the choice for a government agency between producing a commodity or service in-house and contracting for its provision with a private firm, and examines the experience with contracting of both the Ontario government and the United States Department of Defense in order to draw lessons for government contracting in general.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 01. Nov 2023)
650 0 _aGovernment purchasing.
650 0 _aPublic contracts
_zOntario.
650 0 _aPublic contracts.
650 7 _aBUSINESS & ECONOMICS / Government & Business.
_2bisacsh
700 1 _aMcMillan, John
_eautore
850 _aIT-RoAPU
856 4 0 _uhttps://www.degruyter.com/isbn/9781487582685
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9781487582685/original
942 _cEB
999 _c220541
_d220541