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It’s possible to put performance guarantees / insurance etc. into contracts such that if the contractor cannot build the entire thing within some percentage of

It’s possible to put performance guarantees / insurance etc. into contracts such that if the contractor cannot build the entire thing within some percentage of budget then the entire cost is refunded, and the contractor is left with scrap metal.

ceejayoz 7y ago
That sounds like a great way to make sure no company ever bids to build an aircraft carrier.
- Analemma_ 7y ago
  Then it's a wide open field for a company who can do it to get the contract at whatever price they want. See how markets work?
  - ceejayoz 7y ago
    How many companies are there with shipbuilding competence and the ability to absorb $10B risk for a decade?