3 ms·
How do you determine the value of a "delivery" without a financial metric? Taking a laissez-faire approach doesn't change the need for financialization. At most
by Dracophoenix 5y ago
How do you determine the value of a "delivery" without a financial metric? Taking a laissez-faire approach doesn't change the need for financialization. At most, it changes some of the evaluated variables.
- yobbo 5y agoThe contractors only need to worry about the contract price, which we arrive at through a market bidding procedure before the project. What happens in reality is that contractors offer unrealistic prices to get the contract; and when the project fails they demand more time and money in order to complete. Government officials usually agree in order to save face and avoid public fiascos.
- Dracophoenix 5y agoSo you're back to square one. If you can't trust contractors to set a reasonable and realistic prices, then a solution should be a metric or set of metrics by which one can assess what is reasonable and realistic.
- yobbo 5y agoThe whole point is that we don't have to trust contractors if we are willing to let them bear the risk.