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 |
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Page 7
... determined by the Chief of Bureau . " That isn't strictly correct . The fees were determined by a board and approved by the Chief of Bureau . Senator BYRD . One more question : 41⁄2 percent is based on your estimate of the cost ...
... determined by the Chief of Bureau . " That isn't strictly correct . The fees were determined by a board and approved by the Chief of Bureau . Senator BYRD . One more question : 41⁄2 percent is based on your estimate of the cost ...
Page 11
... determination of central office overhead are so great that we decided we would ask the contractors to absorb their central office costs in the fee . The Turner Co. estimates that their central office costs average approximately 2.3 ...
... determination of central office overhead are so great that we decided we would ask the contractors to absorb their central office costs in the fee . The Turner Co. estimates that their central office costs average approximately 2.3 ...
Page 19
... determined that figure , estimated 2 percent additional allowance in the fee as a net profit . I know that in their estimates the Board favored the Government , because on the western Pacific contract they estimated something like 2.3 ...
... determined that figure , estimated 2 percent additional allowance in the fee as a net profit . I know that in their estimates the Board favored the Government , because on the western Pacific contract they estimated something like 2.3 ...
Page 25
... determined was fixed at $ 898,000 , or about 6.15 percent of the estimated cost of the work less the fee . The appropriation act permitted a fee of 10 percent to be paid . The contract was signed August 5 , 1939 , and this work has prog ...
... determined was fixed at $ 898,000 , or about 6.15 percent of the estimated cost of the work less the fee . The appropriation act permitted a fee of 10 percent to be paid . The contract was signed August 5 , 1939 , and this work has prog ...
Page 30
... determined administratively , by those charged with the burden of making the decision , that certain projects are of such importance : that their accomplishment with the utmost speed and certainty is : imperative , the cost - plus form ...
... determined administratively , by those charged with the burden of making the decision , that certain projects are of such importance : that their accomplishment with the utmost speed and certainty is : imperative , the cost - plus form ...
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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.