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If organisations provide services in-house ('make'), transaction costs are thought to be kept low compared to contracting out, because there are fewer incentives for opportunistic behaviour and therefore less need for comprehensive (and expensive) monitoring of outcomes.
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In mid-2014, the group began to contract out excavation.
"Members of Congress used earmarks to contract out their campaign financing," he said.
Several years ago GE spotted that airlines were increasingly keen to contract out this work.
Consider what would happen if a state decided to contract out services to the Nation of Islam.
"I am not going to contract out our counter-terrorism policy to someone else.
Do you want to contract out the F.B.I. and the Customs Service?
There is a simple solution: Force companies to contract out the management of their plans.
Small countries are more likely to contract out banknote supply to commercial printers, who can harness economies of scale.
Local officials also blame a revised 2006 forest code that allowed logging companies to contract out firefighting operations.
Three ways of reducing costs are proving particularly successful.The first is to contract out ever more work.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com