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 12
... months would pay for the equipment and the result is that there rapidly comes a point when there is considerable advantage in re- capture . How do you handle that ? Do you take any account of that ? Admiral MOREELL . What we do on ...
... months would pay for the equipment and the result is that there rapidly comes a point when there is considerable advantage in re- capture . How do you handle that ? Do you take any account of that ? Admiral MOREELL . What we do on ...
Page 16
... month and a half complaining of land - grant rights . Senator ELLENDER . Kicking ? Admiral MOREELL . Kicking about it ; yes , sir . Senator BONE . Wasn't legislation put through recently that elimi- nated these land - grant rates ...
... month and a half complaining of land - grant rights . Senator ELLENDER . Kicking ? Admiral MOREELL . Kicking about it ; yes , sir . Senator BONE . Wasn't legislation put through recently that elimi- nated these land - grant rates ...
Page 19
... months , such as these Army cantonments . You get in there and you bang out this contract and move off and get ... month job . Senator LUCAS . Let me ask you one further question that was developed by Senator Bone , and that is with ...
... months , such as these Army cantonments . You get in there and you bang out this contract and move off and get ... month job . Senator LUCAS . Let me ask you one further question that was developed by Senator Bone , and that is with ...
Page 20
... months and then turn it back . Senator LUCAS . That is another instance where every case hinges on its own circumstances ? Admiral MOREELL . Yes , sir . It is a matter of engineering judg- ment and analysis as to what you ought to do ...
... months and then turn it back . Senator LUCAS . That is another instance where every case hinges on its own circumstances ? Admiral MOREELL . Yes , sir . It is a matter of engineering judg- ment and analysis as to what you ought to do ...
Page 21
... month , and it isn't equitable to be asking that of the group within draft age and permitting under the same conditions these ab- normal and excessive profits . Admiral MOREELL . The point I was going to discuss , Senator , was that I ...
... month , and it isn't equitable to be asking that of the group within draft age and permitting under the same conditions these ab- normal and excessive profits . Admiral MOREELL . The point I was going to discuss , Senator , was that I ...
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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.