Cost-plus-fixed-fee Contracts: Hearing Before the Committee on Naval Affairs, United States Senate, Seventy-seventh Congress, First Session, Relative to Cost-plus-fixed-fee Contracts, June 30, 1941 |
From inside the book
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Page 16
... agreed with their personnel that they would take 10 percent of their gross fee and distribute it as a bonus at the end of each year . That is an expense which we do not allow , but which is taken out of their fee . Then there is another ...
... agreed with their personnel that they would take 10 percent of their gross fee and distribute it as a bonus at the end of each year . That is an expense which we do not allow , but which is taken out of their fee . Then there is another ...
Page 21
... agreed that if you should happen to get a contractor who has been making very large profits , the Government shouldn't be called upon to meet those profits merely because it wants to use that particular contractor . Senator ELLENDER ...
... agreed that if you should happen to get a contractor who has been making very large profits , the Government shouldn't be called upon to meet those profits merely because it wants to use that particular contractor . Senator ELLENDER ...
Page 34
... agreed that the cost of this , that , or another thing will not be con- sidered to be a part of the cost of the work . Any provision reciting such an agreement must be specific . All costs not so specifically ex- cluded constitute the ...
... agreed that the cost of this , that , or another thing will not be con- sidered to be a part of the cost of the work . Any provision reciting such an agreement must be specific . All costs not so specifically ex- cluded constitute the ...
Page 43
... agreed that , in line with the general intent of the contracts , the rentals should equal the cost of each item to its owner during the time it was used for the benefit of the work . No profit was allowed , as all profit was figured as ...
... agreed that , in line with the general intent of the contracts , the rentals should equal the cost of each item to its owner during the time it was used for the benefit of the work . No profit was allowed , as all profit was figured as ...
Page 54
... agreed that any loss of or major damage to the plant , materials , or supplies of the Contractor , not due to his negli- gence or fault or to the negligence or fault of his agents or servants , while the same is necessarily in transit ...
... agreed that any loss of or major damage to the plant , materials , or supplies of the Contractor , not due to his negli- gence or fault or to the negligence or fault of his agents or servants , while the same is necessarily in transit ...
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Common terms and phrases
350-yard dump scow accomplishment Acting Secretary actual cost actual net cost Admiral MOREELL Alaska amount approval April 25 average fee Aviation award basis building Bureau of Yards central office organization CHAIRMAN Chief of Bureau Civil Engineer Corps committee complete contingent fees Contracting Officer Contractors cost-plus-a-fixed-fee deductions Diesel tug employee executive facilities fixed fee fixed-fee furnished Government HAWAIIAN DREDGING COMPANY hereof item of plant JOHNSTON ISLAND July Kaneohe Bay labor materials ment MIDWAY ISLAND months Navy Department Navy Yard OAHU Officer in Charge operations Pacific islands paid PALMYRA ISLAND payments otherwise authorized personnel Philadelphia Navy Yard Pier plans and specifications plant and equipment plant expense procedure profit projects provisions of ARTICLE reimbursed Resident Officer Seaplane Senator BONE Senator BYRD Senator ELLENDER Senator LUCAS shown in column Sitka storage submitted tion to payments tract tractors TURNER CONSTRUCTION United Yards and Docks York Navy Yard
Popular passages
Page 51 - ... supplies as have been mined or produced in the United States, and only such manufactured articles, materials, and supplies as have been manufactured in the United States...
Page 51 - This warranty shall not apply to commissions payable by Contractors upon contracts or sales secured or made through bona fide established commercial or selling agencies maintained by the Contractor for the purpose of securing business.
Page 51 - States, or if articles, materials, or supplies of the class or kind to be used or the articles, materials, or supplies from which they are manufactured are not mined, produced, or manufactured, as the case may be, in the United States in sufficient and reasonably available commercial quantities and of a satisfactory quality.
Page 51 - CHANGES The Contracting Officer may at any time, by a written order, and without notice to the sureties, make changes in the drawings and/or specifications of this contract and within the general scope thereof. If such changes cause an increase or decrease in the amount due under this contract, or in the time required for its performance, an equitable adjustment shall be made and the contract shall be modified in writing accordingly.
Page 51 - If such changes cause an increase or decrease in the amount due under this contract, or in the time required for its performance, an equitable adjustment shall be made and the contract shall be modified in writing accordingly. Any claim for adjustment under this article must be asserted within...
Page 51 - Officer, if he determines that the facts justify such action, may receive and consider, and adjust any such claim asserted at any time prior to the date of final settlement of the contract. If the parties fail to agree upon the adjustment to be made the dispute shall be determined as provided in Clause 6 hereof.
Page 31 - A contract must be construed as a whole, and the intention of the parties is to be collected from the entire instrument, and not from detached portions, it being necessary to consider all of its parts in order to determine the meaning of any particular part, as well as of the whole.
Page 31 - ... so as to view the circumstances as they viewed them, and so to judge of the meaning of the words and of the correct application of the language to the things described.
Page 51 - The contractor warrants that he has not employed any person to solicit or secure this contract upon any agreement for a commission, percentage, brokerage, or contingent fee. Breach of this warranty shall give the Government the right to annul the...
Page 31 - ... greater regard is to be had to the clear intent of the parties than to any particular words which they may have used in the expression of their intent.