“Strategic misrepresentation”

posted by
September 14, 2011
by Rand Simberg  
Posted in Commentary

"It happens in space transportation projects as well. On a cost-plus contract, the incentives are to low-ball the bid, and then get financially well with change orders. Before Constellation was canceled last year, the estimated costs for the Ares I rocket and Orion capsule had ballooned dramatically, and the schedule slipped far to the right (it was slipping more than a year per year)." (09/13/11)


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