Some Implications Of Defense Procurement Circular 76 3 On Defense Contractor Profits PDF Download
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Author | : William C. Letzkus |
Publisher | : |
Total Pages | : 31 |
Release | : 1977 |
Genre | : |
ISBN | : |
Download Some Implications of Defense Procurement Circular 76-3 on Defense Contractor Profits Book in PDF, ePub and Kindle
DPC 76-3 implemented several significant changes to DOD profit policy. Two of these changes are intended to directly encourage defense contractor investment in facilities. First, the imputed cost of capital for facility investment (as defined by CAS 414) is now considered to be an allowable cost. Second, the contractor's level of facility investment is now recognized as an element of the profit objective. The purpose of this study was to examine how these changes to the DOD profit policy could influence the amount of profit earned. Of particular interest was the level of facilities investment needed to maintain profits at the level attainable under the old DOD profit policy. There is a direct relationship between a contractor's facilities investment and the level of contractor total profits (net profit objective plus cost of money). It was demonstrated, however, that total profits attainable under the new profit policy may well be less than profits attainable under the old policy. Moreover, except at relatively high levels of facilities investment, the amount of profit offset normally is greater than the amount allowed for cost of money. (Author).
Author | : United States. Congress. House. Committee on Government Operations. Legislation and National Security Subcommittee |
Publisher | : |
Total Pages | : 108 |
Release | : 1986 |
Genre | : Defense contracts |
ISBN | : |
Download Defense Contractors' Profit Review Book in PDF, ePub and Kindle
Author | : Edward M Voelker (Jr) |
Publisher | : |
Total Pages | : 38 |
Release | : 1977 |
Genre | : |
ISBN | : |
Download The Effect of Recognizing the Cost of Facilities Capital in Defense Contracting Book in PDF, ePub and Kindle
This report reviews the reasons for the creation and implementation of Defense Procurement Circular 76-3. It identifies the essential procedureal changes which are used to recognize a defense contractor's investment in facilities and discusses how these procedures should adjust profit levels based upon this investment. It presents the results of a survey of government and industry personnel who deal with DPC 76-3 or facilities management. The author then draws conclusions as to the manner in which DPC 76-3 is being implemented and the effect it has had on the level of facilities investment after one year. (Author).
Author | : William Paul Rogerson |
Publisher | : |
Total Pages | : 86 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : |
Download Profit Regulation of Defense Contractors and Prizes for Innovation Book in PDF, ePub and Kindle
The defense sector is subject to a form of cost-based economic regulation, just as public utilities are. A set of regulations determines the price that defense contractors will receive for their products. This report describes and empirically investigates an extremely simple theory that captures an important aspect of the regulatory problem in defense contracting. The theory describes a critical difference between the regulatory problems in defense and public utilities and suggests why therefore different rules and institutions might be appropriate in each case. It also identifies several implications regarding the structuring of an optimal regulatory policy and sheds light on current policy debates over Department of Defense policy. The author empirically verifies that the incentives posited by the theory exist and are large. The theory is that profit regulation of defense contractors is structured (and necessarily must be structured) so that firms generating valuable new innovations will receive large rewards or prizes. The author attempts to establish the theoretical link between prizes and innovation and then to show that price levels induced by the current rules are large enough to make a theoretical analysis of the role of these prizes important.
Author | : |
Publisher | : |
Total Pages | : 76 |
Release | : 2008 |
Genre | : |
ISBN | : |
Download Defense Department Profit and Contract Finance Policies and Their Effects on Contract and Contractor Performance Book in PDF, ePub and Kindle
The Defense Department, through the military services, buys equipment and services for which no open market exists. In negotiating the contracts for these acquisitions, the government has policy guidelines to aid the contracting officer in developing a reasonable amount of profit to pay the contractor. The goal of profit policy is a contract price that reimburses the contractor for its costs, provides the necessary incentives to yield beneficial performance, and to provide the contractor with sufficient risk reward. The effect of profit policy on contractor profits is inextricably linked to the type of contract financing policy the government uses in an acquisition. The authors examine the effectiveness of these two policy tools, profit and contract financing, on achieving contract outcomes and contractor financial performance. They also look at how these policies are implemented by the Defense Department. Their methodologies include analyses of profit target setting and actual contract results data in addition to discounted cash flow modeling to value a contract or contract stream to an investor. This study as a whole is concerned with two questions about profit policy. First, in what ways does profit policy provide incentives or disincentives with respect to cost growth, schedule slips, and the performance features of a system eventually provided to the Department of Defense? Specifically, the authors are interested in whether or not profit policy can be reliably manipulated to encourage desirable outcomes on particular contracts. Second, does profit policy provide defense contractors with a profit that is large enough to retain these firms in the defense industry? Each of these questions presents several distinct issues which IDA approached using different methods and data.
Author | : William H. Gregory |
Publisher | : Free Press |
Total Pages | : 248 |
Release | : 1989 |
Genre | : History |
ISBN | : |
Download The Defense Procurement Mess Book in PDF, ePub and Kindle
"A Twentieth century fund essay."Includes index. Bibliography: p. [211]-212.
Author | : United States. Congress. House. Committee on Government Operations. Legislation and National Security Subcommittee |
Publisher | : |
Total Pages | : 224 |
Release | : 1987 |
Genre | : Defense contracts |
ISBN | : |
Download Review of the Defense Department's Profit Policy for Noncompetitive Contracts Book in PDF, ePub and Kindle
Author | : United States. Office of Management and Budget |
Publisher | : |
Total Pages | : 80 |
Release | : 1996 |
Genre | : Government productivity |
ISBN | : |
Download Circular No. A-76 Revised Supplemental Handbook Book in PDF, ePub and Kindle
Author | : United States. Congress. House. Committee on Government Operations. Legislation and National Security Subcommittee |
Publisher | : |
Total Pages | : 120 |
Release | : 1986 |
Genre | : Defense contracts |
ISBN | : |
Download Defense Contractors' Profit Review Book in PDF, ePub and Kindle
Author | : United States. Office of Management and Budget |
Publisher | : |
Total Pages | : 14 |
Release | : 1983 |
Genre | : Budget |
ISBN | : |
Download Performance of Commercial Activities Book in PDF, ePub and Kindle
"This Circular establishes Federal policy regarding the performance of commercial activities," i.e., Federal policy on whether government agencies should produce goods and services in-house or contract them out to commercial sources. Cf. pp. 1-2.