A Uniform Profit Policy for Government Acquisition. II
Abstract
This report is a follow-on to an earlier Logistics Management Institute (LMI) report, in which a policy was presented to enable the government to determine equitable profit objectives for use in contract negotiations. By stipulation of the study sponsor, the Office of Federal Procurement Policy (OFPP), LMI deliberately divorced itself from current and past approaches, policies and practices, assumed that anything in the acquisition process could be changed, and disregarded problems of making the transition to a new policy. OFPP called for public comment on LMI's December 1978 report, and subsequently asked LMI to continue its study effort in the light of that comment. Responding in the present report, LMI updates the data used to compute the coefficients in its formulas, revises its proposed policy in the light of current government practices and existing policies that cannot, for the present, be changed, and addresses the comment on its earlier report.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1979
- Accession Number
- ADA078325
Entities
People
- Myron G. Myers
- Robert K. Wood
Organizations
- LMI