One weakness that these Agreements have is that they require the client (or a third party) to ensure that questions are written and scored, instead of the consultant.
This is a similar issue that Prediction Markets have, but not one that existing forecasting contracts often have. These contracts often have the forecasting contractors do the work of question specification and resolution.
So, Accuracy Agreements are probably in-between Prediction Markets and current contractor agreements, in complexity.
For big government construction projects, I believe some firms/agencies will do a lot of preparation and outlining, before a bidding process might begin. Getting things specific enough for a large bidding process is itself a fair bit of work. This can be useful for large projects, or in cases where the public has little trust in the key decision makers, but is probably cost-prohibitive for other situations.
One weakness that these Agreements have is that they require the client (or a third party) to ensure that questions are written and scored, instead of the consultant.
This is a similar issue that Prediction Markets have, but not one that existing forecasting contracts often have. These contracts often have the forecasting contractors do the work of question specification and resolution.
So, Accuracy Agreements are probably in-between Prediction Markets and current contractor agreements, in complexity.
For big government construction projects, I believe some firms/agencies will do a lot of preparation and outlining, before a bidding process might begin. Getting things specific enough for a large bidding process is itself a fair bit of work. This can be useful for large projects, or in cases where the public has little trust in the key decision makers, but is probably cost-prohibitive for other situations.