Control and Flexibility

Simon Domberger

in The Contracting Organization

Published in print November 1998 | ISBN: 9780198774570
Published online November 2003 | e-ISBN: 9780191596148 | DOI:
 Control and Flexibility

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This chapter, the previous two, and the next one consider the alternative means through which a contracting strategy is devised and implemented. In Ch. 7, the design of contracts and performance management systems are discussed, with particular attention paid to obtaining adequate measures of control whilst maintaining flexibility. The important question of risk, and its allocation between the contracting parties are also considered. The different parts of the chapter are the following: Control; Controlling outcomes; Monitoring performance; Controlling risks; Allocating risks in contracts; Flexibility in contracts; and Which contract––classical or relational?

Keywords: classical contracts; contracting out; contracting strategies; contracts; control; design; flexibility; monitoring; monitoring performance; outcome control; outsourcing; performance; performance management systems; relational contracts; risk allocation; risk control

Chapter.  10748 words. 

Subjects: Microeconomics

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