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 1
... STATEMENT OF REAR ADMIRAL BEN MOREELL ( CIVIL ENGINEER CORPS ) , UNITED STATES NAVY The CHAIRMAN . Admiral Moreell , the committee have asked you to appear before us this morning for the purpose of discussing your experience in dealing ...
... STATEMENT OF REAR ADMIRAL BEN MOREELL ( CIVIL ENGINEER CORPS ) , UNITED STATES NAVY The CHAIRMAN . Admiral Moreell , the committee have asked you to appear before us this morning for the purpose of discussing your experience in dealing ...
Page 3
... statement : Under the second class of contract- speaking of the cost - plus - fixed - fee contract— the fee is not affected by variations in costs , but only by changes in the scope of the work . From this it follows that it is to the ...
... statement : Under the second class of contract- speaking of the cost - plus - fixed - fee contract— the fee is not affected by variations in costs , but only by changes in the scope of the work . From this it follows that it is to the ...
Page 4
... statement showing the character of the construction of each building . That is , whether they were to be of steel or reen- forced concrete or wood frame with galvanized metal siding or what not . For each one of those projects we , i ...
... statement showing the character of the construction of each building . That is , whether they were to be of steel or reen- forced concrete or wood frame with galvanized metal siding or what not . For each one of those projects we , i ...
Page 7
... statement on that if I am permitted to read from this booklet , which describes that point in some detail . The CHAIRMAN . It is more than general supervision ? Admiral MOREELL . Yes , sir . Senator LUCAS . What page ? Admiral MOREELL ...
... statement on that if I am permitted to read from this booklet , which describes that point in some detail . The CHAIRMAN . It is more than general supervision ? Admiral MOREELL . Yes , sir . Senator LUCAS . What page ? Admiral MOREELL ...
Page 8
... statement , " The fees absorb interest on moneys , contingent fees . " You mean by the term " absorb " that he must pay interest on moneys that he is compelled to borrow ? Admiral MOREELL . Yes , sir .. Senator BONE ( reading ) ...
... statement , " The fees absorb interest on moneys , contingent fees . " You mean by the term " absorb " that he must pay interest on moneys that he is compelled to borrow ? Admiral MOREELL . Yes , sir .. Senator BONE ( reading ) ...
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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.