The upside of capture
In a previous post, I described how Luigi Zingales’ framework of regulatory capture also applies to the defense industry. I will here try to describe […]
change orders
What causes buy-ins on production?
When people in defense talk about “buy-ins”, they are talking about a contractor who purposefully under-bids on a competitively awarded contract. Instead of expecting losses […]
The role of the contracting officer
Thus, contracting authority is fragmented. The project officer is responsible for the success of the project, while the contract officer is the legal representative of […]