Public Sector Contracting
Wendy Valk ()
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Wendy Valk: Tilburg University
Chapter 7 in Public Procurement, 2023, pp 121-135 from Springer
Abstract:
Abstract This chapter zooms in on contracting in a public sector context. The relationship and exchange between public buyers and suppliers are usually governed by formal contracts as well as by more relational mechanisms such as trust. This chapter explains that contract design choices and characteristics of the relationship together shape how contracts are subsequently implemented and managed, and hence the success of the ongoing exchange. It discusses considerations for contract design and subsequent management in light of relationship characteristics and its effects. Specific topics in this chapter include contract specification, remuneration and incentive schemes, and how learning from deviations and noncompliance may foster post-formation adjustments to contractual governance.
Keywords: Contractual governance; Relational governance; Supplier behavior; Contract specification; Rewards; Incentives; Contract implementation; Learning (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-18490-1_7
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DOI: 10.1007/978-3-031-18490-1_7
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