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Contracting for Imprisonment in the Federal Prison System: Cost and Performance of the Privately Operated Taft Correctional Institution
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Contracting for Imprisonment in the Federal Prison System: Cost and Performance of the Privately Operated Taft Correctional Institution
Publication year:
2005
| Cataloged on:
Oct. 31, 2006
ANNOTATION: A comparison of what it cost the GEO Group (formerly the Wackenhut Corrections Corporation) to run the Taft Correctional Institution (TCI) versus what the federal government would have spent managing and operating TCI is presented. Four chapters follow an executive summary: introduction; does contracting cost less than government operation?; comparing the facility's performance to contractual obligations; and comparing performance of TCI with government-operated federal prisons. GEO operated TCI at a lower cost (approximately 10% primarily saved in total labor costs -- payroll and benefits) while performing "above and beyond" contracted performance objectives.