000			01036pab a2200169 454500
008			180718b2000 xxu||||| |||| 00| 0 eng d
100			_aKavanagh, Ian
245			_aManaging the contract: a transaction cost analysis of externalisation
260			_c2000
300			_ap.1-22
362			_aWinter
520			_aThis paper examines the externalisation of the London Borough of Ealing's Technical Services Group between 1994 and 1999, the first local government Technical Services function to be externalised as a whole. The case is discussed in the light of transaction cost theory from economics. The study illustrates the difficulties that arise under local authority competitive tendering where the parties enter into an incomplete contract and rely on mutual goodwill to adjust the contract terms later. The study confirms that transaction costs can be pervasive in local government contracting. - Reproduced
650			_aLocal government
700			_aParker, David
773			_aLocal Government Studies
909			_a48108
999			_c48108 _d48108