Table of Contents
Economics behind contracting PIE 231, April 3-4, 2000 Contracting: Economic Viability, Risks, and Management
A Contract is…
Every transaction entails a(n):
Division of Value
Division of Risk
Division of Decision Rights
The Three Amigos
The Costs of Transacting
Changes in the Value Chain
Search Costs
Negotiating Costs
Monitoring and Enforcement
Measurement and Contracting
Changes in measurement costs
Effects of measurement costs
The bio-tech factor
Questions to consider
Who’s bearing the risk?
Sources of “Hidden” Value
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Author: CRCSE - Michael Sykuta
Email: agebb@missouri.edu
Home Page: http://agebb.missouri.edu/mgt/agcontract/index.htm
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