Contracting for engineering and design services in the environmental restoration field
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Authors
Smith, Charles S.
Subjects
Environmental restoration
Cost reimbursement contract
CLEAN contract
Moral hazard
Cost reimbursement contract
CLEAN contract
Moral hazard
Advisors
Carrick, Paul M.
Date of Issue
1991-12
Date
December 1991
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
This thesis examines and analyzes the nature of work in the environmental restoration field. The analysis was conducted using archival and opinion research to define the unique qualities associated with the engineering and design phases of the environmental restoration process. Based on this analysis, justification for the use of cost-reimbursement contracts for the engineering services used in this field is provided. The moral hazard/incentive issue associated with cost-reimbursement contracts is then analyzed, With the moral hazard issue in mind, Naval Facilities Engineering Command's Comprehensive Long-Term Environmental Action Navy (CLEAN) contract is evaluated. This evaluation looks at how the use of a long-term cost-reimbursement contract, such as CLEAN, provides incentives to overcome the moral hazard problem.
Type
Thesis
Description
Series/Report No
Department
Department of Administrative Sciences
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
63 p.
Citation
Distribution Statement
Approved for public release; distribution is unlimited.