5 ms·
This sounds like two things: a badly written contract, and a company working in it's singular best interest. Making it so that best interests of all parties ar
by zdw 2y ago
This sounds like two things: a badly written contract, and a company working in it's singular best interest. Making it so that best interests of all parties aren't at least somewhat aligned is usually a recipe for disaster.
On example of this going right: there was a local public works project to widen a highway. The contract was written so that if the company working it completed the work early they got a small % bonus depending on how quickly it was complete.
It got done early - the incentives were aligned properly.
Yes, there are all the obvious caveats about correct quality standards and corners weren't cut, but that would be the case anyway.
- ahazred8ta 2y agoAfter the 1994 Los Angeles earthquake, rebuilding the elevated freeway was expected to take over 12 months. The "Fix The 10" plan offered a $200K bonus for every day ahead of schedule. The project was finished in 3 months. https://www.planacademy.com/construction-project-acceleration-won-millions/ https://www.planacademy.com/construction-project-acceleratio...