Economics of Defense Procurement: Shipbuilding Claims : Hearings Before the Subcommittee on Priorities and Economy in Government of the Joint Economic Committee, Congress of the United States, Ninety-fourth Congress, Second Session, and Ninety-fifth Congress, First Session ...

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Page 147 - Contractor for adjustment under this clause must be asserted within thirty (30) days from the date of receipt by the Contractor of the notification of change: Provided, however. That the Contracting Officer, If he decides that the facts justify such action, may receive and act upon any such claim asserted at any time prior to final payment under this contract.
Page 135 - It may be apparent from the intrinsic nature and subject of the bargain itself; such as no man in his senses and not under delusion would make on the one hand, and as no honest and fair man would accept on the other...
Page 90 - Mr. Chairman, this concludes my prepared statement. We will be happy to answer any questions you or other members of the Committee may have.
Page 147 - ... incurred more than 20 days before the Contractor gives written notice as therein required: And provided further, that in the case of defective specifications for which the Government is responsible, the equitable adjustment shall include any increased cost reasonably incurred by the Contractor in attempting to comply with such defective specifications.
Page 147 - Officer, if he decides that the facts justify such action, may receive and act upon any such claim asserted at any time prior to final Payment under this contract. Failure to agree to any adjustment shall be a dispute concerning a question of fact within the meaning of the clause of this contract entitled "Disputes.
Page 146 - In such other provisions of the contract as may be so affected, and the contract shall be modified In writing accordingly. Any claim by the Contractor for adjustment under this clause must be asserted within...
Page 148 - Except as otherwise provided in this contract, the term "subcontracts" includes purchase orders under this contract. 2. CHANGES The Contracting Officer may at any time, by a written order, and without notice to the sureties, make changes, within the general scope of this contract, in any one or more of the following: (i) Drawings, designs, or specifications...
Page 55 - Although there was lack of a definitive policy in this period, the Secretary of the Navy and the Assistant Secretary of the Navy...
Page 148 - If he finds that such conditions do materially so differ and cause an increase or decrease in the Contractor's cost of, or the time required for, performance of any part of the work under this contract, whether or not changed as a result of such conditions, an equitable adjustment shall be made and the contract modified in writing accordingly.
Page 175 - All rights and liabilities of the parties under the contract relating to options (except options to continue or Increase the work under the contract) , covenants not to compete, covenants of Indemnity.

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