More Innovation, Better Results: Prizes and Challenge-Based Acquisition
Abstract
Federal acquisition traditionally follows a lengthy, serial process that generates megabytes of documentation in response to gigabytes of regulations, policies, and directives. Mission needs are translated into technical requirements, then into system specifications and contract deliverables. The end result is often a single performer being funded to develop a solution that meets the minimum specifications. Broader innovation is stifled, and private sector competition focuses on writing the best proposal rather than developing the best solution. Many times, prizes and challenge-based acquisition (ChBA) are a better approach.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 29, 2016
- Accession Number
- AD1108007
Entities
Organizations
- MITRE Corporation