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Rewards and penalties for suppliers of equipment

Published online by Cambridge University Press:  04 July 2016

R. D. C. Passey
R. D. C. Passey*
Affiliation:
Rolls-Royce (1971) Ltd, Derby
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Extract

Over the years, the evolution of legal and contractual relationships between the suppliers of equipment and their customers has been fragmentary. Fiscal incentives for the supply of economical equipment have been rare, while incentive contracts for developing military equipment have been the cause of some controversy, particularly as regards allowances for inflation.

Immediate interests have tended to take precedence over longer term characteristics, which are often of more importance to customers. Relative merits of rewards, penalties and other motivating factors have received little attention in the literature, and philosophical considerations have been neglected.

Type
Research Article
Information
The Aeronautical Journal , Volume 80 , Issue 787 , July 1976 , pp. 303 - 312
Copyright
Copyright © Royal Aeronautical Society 1976 

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