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
Results 1-5 of 11
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 ...
Other editions - View all
Common terms and phrases
4½ percent accomplishment actual net cost Admiral MOREELL Alaska amount approval Aviation award basis building Bureau of Yards central office organization CHAIRMAN Chief of Bureau Civil Engineer Corps committee competitive bidding complete Comptroller construction contingent fees Contracting Officer contractor cost-plus contract cost-plus-a-fixed-fee COST-PLUS-FIXED-FEE CONTRACTS determined dump scow employees estimated cost executive facilities fee Fee fixed fee furnished Government hereof items of plant JOHNSTON ISLAND July Kaneohe Bay labor materials ment Midway Island months Naval Air Station Navy Department Navy Yard Negotiated contracts Officer in Charge operations otherwise authorized Pacific islands paid PALMYRA ISLAND parties payment personnel Philadelphia Navy Yard plans and specifications plant and equipment plant expense procedure profit projects provisions of ARTICLE reimburse Senator BONE Senator BYRD Senator ELLENDER Senator LUCAS shown in column submitted tion tract tractor United Western Pacific Yards and Docks York Navy Yard
Popular passages
Page 56 - ... 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 55 - District, which may require or involve the employment of laborers or mechanics shall contain a provision that no laborer or mechanic doing any part of the work contemplated by the contract, in the employ of the contractor or any sub-contractor contractIng for any part of said work contemplated, shall be required or permitted to work more than eight hours in any one calendar day...
Page 52 - Anything mentioned in the specifications and not shown on the drawings, or shown on the drawings and not mentioned in the specifications, shall be of like effect as if shown or mentioned in both. In case of difference between drawings and specifications, the specifications shall govern.
Page 60 - 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 55 - ... for each laborer or mechanic for every calendar day in which such employee is required or permitted to labor more than eight hours upon said work without receiving compensation computed in accordance with this article, and all penalties thus imposed shall be withheld for the use and benefit of the Government...
Page 56 - 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 57 - 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 33 - 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 59 - Disputes. Except as otherwise specifically provided In this contract, all disputes concerning questions of fact arising under this contract shall be decided by the contracting officer subject to written appeal by the contractor within 30 days to the head of the department concerned or his duly authorized representative, whose decision shall be final and conclusive upon the parties thereto. In the meantime the contractor shall diligently proceed with the work as directed.
Page 65 - In witness whereof, the parties hereto have executed this contract as of the day and year first above written. THE UNITED STATES OF AMERICA, By...