Using the Steel Vessel Material-Cost Index to Mitigate Shipbuilder Risk
Using the Steel Vessel Material-Cost Index to Mitigate Shipbuilder Risk
- New search for: E. G. Keating
- New search for: R. Murphy
- New search for: J. F. Schank
- New search for: J. Birkler
- New search for: E. G. Keating
- New search for: R. Murphy
- New search for: J. F. Schank
- New search for: J. Birkler
This paper describes how the US Navy structures fixed-price and fixed-price, incentive-fee shipbuilding contracts and how labor- and material- cost indexes can mitigate shipbuilder risk in either type of contract. The Navy frequently uses the Steel Vessel material-cost index, a Bureau of Labor Statistics-derived cost index based on the mix of materials in a typical commercial cargo ship constructed in the 1950s. The Steel Vessel Index has excessive weighting on iron and steel, thereby providing shipbuilders with a mismatch between their actual and the Index-assumed material-cost structure. We recommend the Navy use a material-cost index with more up-to-date weightings.
Document information
Using the Steel Vessel Material-Cost Index to Mitigate Shipbuilder Risk
2008
37 pages
Report
No indication
English
Management Practice , Business & Economics , Marine Engineering , Logistics Military Facilities & Supplies , Shipbuilding , Contract administration , Price index , Risk management , Profits , Cost overruns , Contracts , Symposia , Briefing charts , Cost risks , Cost indexes , Shipbuilding contracts , Fpif(Fixed-price incentive-fee) contracts
Similar titles
Using the Steel-Vessel Material-Cost Index to Mitigate Shipbuilder Risk
| GWLB - Gottfried Wilhelm Leibniz Bibliothek | 2008
| Online Contents | 2010
| Engineering Index Backfile | 1930
TIBKAT | 146.1962 - 209.2008/09,[5] = Nr. 3282-4244; 209.2008/09,[6/7] = Nr. 4244; 209.2008/09,[8-10] = Nr. 4245-4247; 209.2008/09,[11/12] - 210.2009/10 = Nr. 4247-4257; 210.2010/11=Nr. 4258-4267; 211.2011/12 - 214.2014 = Nr. 4268-4303