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Prizes! Innovating, Risk Shifting, And Avoiding Contracts And Grants, Steven L. Schooner, Nathaniel E. Castellano
Prizes! Innovating, Risk Shifting, And Avoiding Contracts And Grants, Steven L. Schooner, Nathaniel E. Castellano
GW Law Faculty Publications & Other Works
This short piece introduces prizes (or prize contests), which have become the darling of the Obama administration. Public managers increasingly find prizes more attractive than the more conventional and heavily regulated vehicles that they replace, contracts and grants. The paper explains some of the advantages of this increasingly popular approach and signals a cautionary note, particularly to contestants. Unfortunately, the government has not yet provided a straightforward means for contestants to obtain meaningful review if and when disputes arise. Accordingly, the authors suggest that, while shifting risk to the private sector is fair game, contest-sponsoring agencies should respect the private …