26th June 2008, 10:31 AM
Quote
The solution to the Principle-Agent problem in the oil exploration industry, where the developer is most certainly desperate to find oil and is worried that the agents might cheat them, is that the consultant, often referred to as a Bird Dog, is present through out the period of the fieldwork with the team.
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Sorry, I clearly misunderstosd the role of the 'bird dog' then. I though they were working for the developer.
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Further quote
Oh and a curator who should be doing TCPA for district authorities but is moonlighting for the DTi. Yes I am familiar with the stitch up.
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The local authorities were paid for the time that the curators were working for the DTI.
I'll stop dealing with this then, as we were obviously at cross purposes, and let the dicsussion get back to the ICE contracts!
The solution to the Principle-Agent problem in the oil exploration industry, where the developer is most certainly desperate to find oil and is worried that the agents might cheat them, is that the consultant, often referred to as a Bird Dog, is present through out the period of the fieldwork with the team.
-----------------------------------------------------------------------------------------------------------------------------
Sorry, I clearly misunderstosd the role of the 'bird dog' then. I though they were working for the developer.
------------------------------------------------------------------------------------------------------------------------------
Further quote
Oh and a curator who should be doing TCPA for district authorities but is moonlighting for the DTi. Yes I am familiar with the stitch up.
----------------------------------------------------------------------------------------------------------------------------
The local authorities were paid for the time that the curators were working for the DTI.
I'll stop dealing with this then, as we were obviously at cross purposes, and let the dicsussion get back to the ICE contracts!