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The military is always in a bind with contractor selection. If the don't choose the lowest bidder they get hauled up in front of a Senate committee full of peop
by stcredzero 9y ago
The military is always in a bind with contractor selection. If the don't choose the lowest bidder they get hauled up in front of a Senate committee full of people grandstanding for the next election accusing them of taking care of cronies.
Isn't there some famous economics paper somewhere that shows strategies like median bid produce much better outcomes?
- teddyh 9y agoDo you have a reference to this? I’m particularly curious if they address the secondary effects this will have on bids, and if the strategy then remains viable.
- ams6110 9y agoCould you do something like adjust the bids by the average percentage overrun the contractor has on prior projects?