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ERIC Number: ED169390
Record Type: Non-Journal
Publication Date: 1979
Pages: 9
Abstractor: N/A
Reference Count: N/A
An Analysis of Government Training Contract Practices in Terms of Cost and Contingency Management Implications.
O'Neal, A. Frederick; Ross, Clarence J.
This paper briefly outlines and explains critical characteristics of the most important and frequently used government contract classes. These classes are explored in terms of contract (and government) behaviors expected to ensue based on simple analysis of where payoffs and rewards are, monetarily and otherwise, and in terms of how these behaviors and constraints affect costs. The two major contract categories examined are fixed-price contracts, which place the greatest responsibility for controlling costs on the contractor, and cost-reimbursement contracts, which place the greatest responsibility for limiting costs on the government. The advantages and disadvantages to the government and the contractor are examined for certain contract variants: (1) fixed-price contract variants (firm-fixed-price-type contracts and other fixed-price contracts) and (2) cost-reimbursement contract variants (cost-reimbursement-type contracts, cost plus fixed fee, such as term form and completion form, cost plus incentive fee, cost plus award fee, cost contracts, and cost-sharing contracts. A general discussion of the contingencies inherent in the contract types is provided. (CSS)
Publication Type: Opinion Papers; Speeches/Meeting Papers; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Courseware, Inc., San Diego, CA.
Identifiers - Location: United States