Weapons System Management and Team System Concept in Government Contracting, Hearings Before the Subcommittee for Special Investigations of ... , 86-1 Under the Authority of H. Res. 19, Hearings Held April 13 ... August 25, 19591959 - 775 pages |
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Page 81
... audit clause : AUDIT Seller agrees that its books and records and its plant , or such parts thereof as may be engaged in the performance of this order , shall at all reasonable times be subject to inspection and audit by any authorized ...
... audit clause : AUDIT Seller agrees that its books and records and its plant , or such parts thereof as may be engaged in the performance of this order , shall at all reasonable times be subject to inspection and audit by any authorized ...
Page 82
... audit as we may be competitors on other programs . In almost every case there is a Government auditor located in their plant . This also applies to sub - subcontractors . The Government audit is available to the weapon system contractor ...
... audit as we may be competitors on other programs . In almost every case there is a Government auditor located in their plant . This also applies to sub - subcontractors . The Government audit is available to the weapon system contractor ...
Page 83
... audit agency . Mr. HÉBERT . Now , we are quite familiar with Government auditing . We don't have too much confidence in it - at least I am speaking for myself . With reference last year to the General Motors contract , the Government ...
... audit agency . Mr. HÉBERT . Now , we are quite familiar with Government auditing . We don't have too much confidence in it - at least I am speaking for myself . With reference last year to the General Motors contract , the Government ...
Page 86
... audit . Mr. HARDY . Could you tell us from a dollar standpoint how many of your subcontractors have those provisions and how many of them do not ? Mr. ATWOOD . Well , I believe that every purchase order we issue , whether it is in the ...
... audit . Mr. HARDY . Could you tell us from a dollar standpoint how many of your subcontractors have those provisions and how many of them do not ? Mr. ATWOOD . Well , I believe that every purchase order we issue , whether it is in the ...
Page 87
... audit to check to be sure . Mr. COURTNEY . That is right . Mr. ATWOOD . That is what we do if we have any doubt . Mr. COURTNEY . That is right . Mr. ATWOOD . Yes . Mr. COURTNEY . But so far as your right to do it is concerned , you are ...
... audit to check to be sure . Mr. COURTNEY . That is right . Mr. ATWOOD . That is what we do if we have any doubt . Mr. COURTNEY . That is right . Mr. ATWOOD . Yes . Mr. COURTNEY . But so far as your right to do it is concerned , you are ...
Common terms and phrases
Accounting Office Air Force Air Materiel Command aircraft airplane ALLEN associate contractors Atlas ATWOOD audit auditors BAILEY ballistic missile basis Boeing Boeing Co Bomarc BREWTON BUNKER Chairman Colonel BLATTEAU Colonel MEDBERRY committee competition contract price contracting officer Convair Corp correct cost data COURTNEY DAVIS Defense Department of Defense Division Dyna Soar Edward Hébert engineering equipment estimated costs evaluation facilities fixed-price Frank Pace furnished GAVIN going Government GROSS HARDY HÉBERT HESS incentive Lockheed McDonnell Aircraft ment military million Minuteman NAISH Navy negotiated North American Aviation operational percent performance personnel POWERS price proposals prime contractor procurement production profit purchase orders question Ramo-Wooldridge reasonable records redetermination responsibility Secretary MILNE Secretary TAYLOR SKEEN small business statement subcommittee subcontract prices subsystems target cost target price technical thing tion type of contract weapon system management
Popular passages
Page 532 - ... arising out of both normal and abnormal employee turnover, or any other contingencies that can result in a forfeiture by employees of such deferred compensation. Adjustments shall be made only for forfeitures which directly or indirectly inure to the benefit of the...
Page 531 - Compensation for personal services includes all remuneration paid currently or accrued, in whatever form and whether paid immediately or deferred, for services rendered by employees to the contractor during the period of contract performance. It includes, but Is not limited to, salaries, wages, directors' and executive committee members...
Page 751 - The use of rough yardsticks (such as dollars per pound, per horsepower, or other units) to point up apparent gross inconsistencies which should be subjected to...
Page 531 - Salaries and Wages. Salaries and wages for current services include gross compensation paid to employees in the form of cash, products, or services, and are allowable. However, premiums for overtime, extra-pay shifts, and multishift work are allowable to the extent approved pursuant to 12.102.
Page 182 - The committee will stand in recess, subject to call of the Chair. (Whereupon, at 11...
Page 731 - This report is also being sent today to the President of the Senate. Copies are being sent to the President of the United States and to the Secretary of Labor.
Page 532 - ... determined to be reasonable and such costs are paid or accrued pursuant to an agreement entered into in good faith between the contractor and the employees before the services were rendered, or pursuant to an established plan followed by the contractor so consistently as to imply, in effect, an agreement to make such payment (but see 15.107).
Page 391 - Profit or fee is only one element of price and normally represents a smaller proportion of the total price than do such other estimated elements as labor and material. While the public interest requires that excessive profits be avoided, the contracting officer should not become so preoccupied with particular elements of a contractor's estimate of cost and profits that the most important consideration, the total price itself, is distorted or diminished in its significance.
Page 325 - ... (2) The Contractor agrees to make available at the office of the Contractor at all reasonable times during the period set forth in subparagraph (4) below any of the records for inspection, audit or reproduction by any authorized representative of the Comptroller General.
Page 214 - If the contracting officer believes that the subcontracting plan submitted pursuant to this section does not reflect the best effort by the bidder to award subcontracts to small and small disadvantaged firms to the fullest extent consistent with the efficient performance...