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 8
... authorized by the contracting officer- and then , of course , after those expenses are represents the net profit to the contractor . deducted , the balance Senator BYRD . Absorbs interest on money ? You mean the con- tractor has to ...
... authorized by the contracting officer- and then , of course , after those expenses are represents the net profit to the contractor . deducted , the balance Senator BYRD . Absorbs interest on money ? You mean the con- tractor has to ...
Page 11
... authorized by the contracting officer . Now , to answer your question specifically , I will say this : We have in New York , several contractors , one doing the Western Pacific work , one doing the Panama work , one doing the Trinidad ...
... authorized by the contracting officer . Now , to answer your question specifically , I will say this : We have in New York , several contractors , one doing the Western Pacific work , one doing the Panama work , one doing the Trinidad ...
Page 18
... authorized by the contracting officer . Let's go back to the Alaska - we will say . Assume that the fee fixed there is 4 % percent . Now , what part of that 41⁄2 percent does the contractor have to spend , if any , in the completion of ...
... authorized by the contracting officer . Let's go back to the Alaska - we will say . Assume that the fee fixed there is 4 % percent . Now , what part of that 41⁄2 percent does the contractor have to spend , if any , in the completion of ...
Page 35
... authorized . Here the Comptroller appears to have as- sumed to determine a fact which was for final determination by the contracting officer and thus exceeded his powers . He might with equal assumption have decided that the pay of any ...
... authorized . Here the Comptroller appears to have as- sumed to determine a fact which was for final determination by the contracting officer and thus exceeded his powers . He might with equal assumption have decided that the pay of any ...
Page 37
... authorize the construction of certain naval vessels , and for other purposes . " Section 10 of that act is as follows : SEC . 10. ( a ) The Secretary of the Navy is hereby authorized and directed to appoint a board consisting of not ...
... authorize the construction of certain naval vessels , and for other purposes . " Section 10 of that act is as follows : SEC . 10. ( a ) The Secretary of the Navy is hereby authorized and directed to appoint a board consisting of not ...
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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.