Technical Manual |
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Page 6
The costs contemplated by this Statement of Principles are those sanctioned by
recognized commercial accounting practices and are intended to include the
direct and indirect manufacturing , selling and distribution , administrative and
other ...
The costs contemplated by this Statement of Principles are those sanctioned by
recognized commercial accounting practices and are intended to include the
direct and indirect manufacturing , selling and distribution , administrative and
other ...
Page 8
To the extent that , they conform to recognized commercial accounting practices
and the foregoing Statement of Principles , the established ackounting practices
of the contractor as indicated by his books of account and financial reports will be
...
To the extent that , they conform to recognized commercial accounting practices
and the foregoing Statement of Principles , the established ackounting practices
of the contractor as indicated by his books of account and financial reports will be
...
Page 9
SECTION 1 THE CONTRACTOR AND HIS STATEMENT 25. Responsibility of
Contractor to Submit His Statement of Proposed Settlement . The contractor will
file with the contracting officer an accounting statement relating to the amount
due to ...
SECTION 1 THE CONTRACTOR AND HIS STATEMENT 25. Responsibility of
Contractor to Submit His Statement of Proposed Settlement . The contractor will
file with the contracting officer an accounting statement relating to the amount
due to ...
Page 32
As a minimum , an office review should be made by qualified accounting
personnel of the contractor of each statement submitted by a subcontractor in
connection with a fixed - price contract termination . b . In making the office review
, the ...
As a minimum , an office review should be made by qualified accounting
personnel of the contractor of each statement submitted by a subcontractor in
connection with a fixed - price contract termination . b . In making the office review
, the ...
Page 34
The examination of the internal procedures is thus interwoven with the audit
program and is carried out in a way to satisfy the auditor as to the accuracy of the
individual elements of the contractor's statement . c . In other situations , the items
...
The examination of the internal procedures is thus interwoven with the audit
program and is carried out in a way to satisfy the auditor as to the accuracy of the
individual elements of the contractor's statement . c . In other situations , the items
...
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Common terms and phrases
accordance accounting accuracy adjustment administrative allocable amount applicable appropriate approval attached audit auditor basis billed CERTIFICATE charges claims COLUMN completed computation connection consistent contracting officer contractor copy costs covering date of termination Department detail determine direct labor disposal credits distribution equipment examination Explanation extent Figure finished units Form given Government included indicated Indirect Factory Expenses individual instructions inventory inventory schedules involved less listed manual Manufacturing materials ment method necessary negotiated office review original overhead paragraph partial payments period personnel physical portion prepared presented Principles procedures profit proposed settlement purchase quantities rates reasonable received records reference representative respect Schedule settle settlement proposal sheet shown specific standard statement subcontractors submitted summary suppliers Supply Contracts supported termination Termination Notice tion Title total cost tract tractor undersigned units
Popular passages
Page 49 - ... (ii) the cost of settling and paying claims arising out of the termination of work under subcontracts or orders as provided in paragraph (b) (5) above, exclusive of the amounts paid or payable on account of supplies or materials delivered by the subcontractor prior...
Page 48 - Take such action as may be necessary, or as the Contracting Officer may direct, for the protection and preservation of the property related to this contract which is in the possession of the Contractor and in which the Government has or may acquire an interest.
Page 48 - Contracting officer, (i) the fabricated or unfabricated parts, work in process, completed work, supplies, and other material produced as a part of, or acquired in...
Page 52 - Such termination shall be effective In the manner and upon the date specified in said notice and shall be without prejudice to any claims which the Government may have against the Contractor.
Page 49 - Contractor under (1) and (2) of this paragraph (e) shall not exceed the total contract price as reduced by the amount of payments otherwise made and as further reduced by the contract price of work not terminated. Except for normal spoilage, and except to the extent that the Government shall have otherwise expressly assumed the risk of loss, there shall be excluded from the amounts payable to the...
Page 48 - The performance of work under this contract may be terminated by the Government in accordance with this clause in whole, or from time to time in part, whenever the Contracting Officer shall determine that such termination is in the best interest of the Government.
Page 48 - Settle all outstanding liabilities and all claims arising out of such termination of orders and subcontracts, with the approval or ratification of the...
Page 49 - Incurred pursuant to paragraph (b) (9); and any other reasonable cost Incidental to termination of work under this contract. Including expense incidental to the determination of the amount due to the Contractor as the result of the termination of work under this contract. The total sum to be paid to the Contractor under...
Page 49 - Government, but without duplication of any amounts agreed upon in accordance with paragraph (c), shall pay to the contractor...
Page 49 - In paragraph (b) (5) above, exclusive of the amounts paid or payable on account of supplies or materials delivered or services furnished by the subcontractor prior to the effective date of the Notice of Termination of work under this contract, which amounts shall be Included In the cost on account of which payment Is made under...
Bibliographic information
| Title | Technical Manual |
| Author | United States. War Department |
| Published | 1944 |
| Export Citation | BiBTeX EndNote RefMan |