Incentive Strategies for Defense Acquisitions
Abstract
Incentives exist in every business arrangement. The effective application of incentives is key to building successful business arrangements that jointly maximize value for all parties. It is essential that the Department adopt incentive strategies to successfully attract, motivate and reward traditional and nontraditional contractors, thus ensuring successful performance. Incentive strategies must also maximize the use of commercial practices to enhance our ability to attract nontraditional contractors. Incentives can be monetary or nonmonetary, and should be positive but balanced, when necessary, with remedies for missing specific program targets or objectives. They can be based on price, cost, schedule and/or performance. Regardless of the final composition and structure of the incentive(s), the goal is to encourage and motivate optimal performance.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 2001
- Accession Number
- ADA397701
Entities
People
- J. S. Gansler
Organizations
- Office Of The Under Secretary Of Defense