If you work in the Government acquisition world, this podcast is for you. (not just for Contracting Officers!)
FAR Part 16.401 describes incentive contracts. Incentives fall into 3 general categories: cost, performance, and schedule.
Kevin and Paul discuss cost incentives (FAR 16.402-1) and provide an overview of how cost incentives are structured.
Learn why profit is not necessarily the only motivator and how the law of unintended consequences can wreak havoc on any incentive contract.