Problems of Contract Termination: Hearings Before a Subcommittee of the Committee on Military Affairs, Seventy-eighth Congress ...United States. Congress. Senate. Committee on Military Affairs. Subcommittee on Contract Termination U.S. Government Printing Office, 1943 - Defense contracts |
From inside the book
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Page 11
... financed us on any of our expansions . Our profits have been outside . We have never paid in years and years as small dividends as we have during the war period , simply because we had to invest that money into these expansions that we ...
... financed us on any of our expansions . Our profits have been outside . We have never paid in years and years as small dividends as we have during the war period , simply because we had to invest that money into these expansions that we ...
Page 31
... financing . This matter of contract termination is a matter of great concern to us , particularly because of two direct experiences we have had , one with the War Department and one with the Navy . Our firm has a net worth of ...
... financing . This matter of contract termination is a matter of great concern to us , particularly because of two direct experiences we have had , one with the War Department and one with the Navy . Our firm has a net worth of ...
Page 77
... financing contractors through loans in the same way that their needs for war production have been financed heretofore . The legislation which the War Department is proposing for such permissive partial and advance pay- ments and loans ...
... financing contractors through loans in the same way that their needs for war production have been financed heretofore . The legislation which the War Department is proposing for such permissive partial and advance pay- ments and loans ...
Page 78
... financing bill which , in the opinion of this Department , will make it possible not only to provide contractors and subcontractors with funds prompt- ly after termination but to do so without endangering the interest of the Govern ...
... financing bill which , in the opinion of this Department , will make it possible not only to provide contractors and subcontractors with funds prompt- ly after termination but to do so without endangering the interest of the Govern ...
Page 81
... financing bill enclosed herewith or made the subject of a separate enactment . If desired , the War Department will suggest appropriate language therefor . There should be placed beyond debate the right to make final negotiated ...
... financing bill enclosed herewith or made the subject of a separate enactment . If desired , the War Department will suggest appropriate language therefor . There should be placed beyond debate the right to make final negotiated ...
Common terms and phrases
Accounting Office advance payments aggregate agreement amount approved audit Baldwin Baldwin Locomotive BERRY cancelation charges certified COLLENS collusion committee common materials Comptroller connection contract termination contracting agency contracting officer cost department or agency dollars equipment filed financing fraud going Government GRAYSON handled Hazeltine Electronics individual claims industry inventory involved Jacksonville July 13 legislation letter loan manufacturer Maritime Commission matter ment MOGENSEN Navy Department negotiated settlement October 15 over-all basis over-all company overhead paid partial payments percent period preponderance prime contractor route problem procedure procurement agencies production profit prompt provisions question received recommend refund renegotiation represent sales commission scrap Senator MURRAY Senator REVERCOMB settle SILVERMAN single agency single over-all claims statement STOKES subcontractors submitted suppliers terminated business terminated contracts termination claims termination notice termination settlements thing tion tract tractor uncompleted portion War Department War Production Board wholesale termination
Popular passages
Page 1 - Government, to enter into contracts or into amendments or modifications of contracts heretofore or hereafter made and to make advance payments thereon, without regard to other provisions of law relating to the making, performance, amendment, or modification of contracts, whenever he deems that such action would facilitate the national defense.
Page 46 - Government shall assume and become liable for all obligations, commitments, and claims that the Contractor may have theretofore in good faith undertaken or incurred in connection with said work and in accordance with the provisions of this contract...
Page 49 - ... supplies (including spare parts, drawings, information, and other things) called for herein, not previously delivered, and partially completed supplies, work in process, materials, fabricated parts, plans, drawings, and information acquired or produced by the Contractor for the performance of this...
Page 41 - Officer shall further assume and become liable for all such obligations, commitments, and unliquidated claims as the Contractor may have theretofore in good faith undertaken or incurred in connection with said work, and the Contractor shall, as a condition of receiving the payments mentioned in this Article, execute and deliver all such papers, and take all such steps as the Contracting Officer may require for the purpose of fully vesting in him the rights and benefits of the Contractor under such...
Page 49 - 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 85 - Any contracting agency is authorized — (1) to enter into contracts with any Federal Reserve bank, or other public or private financing institution, guaranteeing such financing institution against loss of principal or interest on loans, discounts, or advances or on commitments in connection therewith; which such financing institution may make to any war contractor or to any person who is or has been engaged in performing any operation deemed by such contracting agency to be connected with or related...
Page 50 - Contractor which had been incurred or entered into with respect to the uncompleted portion of the contract; and (3) By paying the Contractor, as a profit on the uncompleted portion of the contract insofar as a profit is realized hereunder, a sum to be computed by the Contracting Officer in the following manner : (A) The Contracting Officer shall estimate the profit which would have been realized on the uncompleted portion of the contract if the contract had been completed and labor and material costs...
Page 49 - Article. (b) The Government shall, upon such termination of this contract, pay to the Contractor the contract price of all supplies, (including spare parts, drawings, information, and other things) called for herein which have been completed in accordance with the provisions of this contract and to which title has been received by the Government under the provisions of paragraph (a) (2) of this Article and for which payment has not previously been made. (c...
Page 49 - Officer directs otherwise, (1) discontinue all work and the placing of all orders for materials and facilities in connection with performance of this contract, cancel all existing orders chargeable to this contract, and terminate all subcontracts chargeable to this contract; (2) transfer to the Government, by delivery fob or by such other means as...