Weapons System Management and Team System Concept in Government Contracting: Hearings Before the Subcommittee for Special Investigations of the Committee on Armed Services, House of Representatives, Eighty-sixth Congress, First Session, Under the Authority of H. Res. 19. April 13-15, 21, 22, 29, 30, May 1, 6, 8, June 3-5, 9-12, 17, July 15-17, August 20 and 25, 1959

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Page 543 - Compensation for personal services includes all remuneration paid currently or accrued, in whatever form and whether paid immediately or deferred, for services rendered by employees to the contractor during the period of contract performance. It includes, but Is not limited to, salaries, wages, directors' and executive committee members...
Page 543 - Salaries and Wages. Salaries and wages for current services include gross compensation paid to employees in the form of cash, products, or services, and are allowable. However, premiums for overtime, extra-pay shifts, and multishift work are allowable to the extent approved pursuant to 12.102.
Page 771 - ... Government-furnished materials, and the general level of business and prices. (c) Rough yardsticks may often be developed (in such terms as dollars per pound, per horsepower, or other units) to point up apparent gross inconsistencies which should be subjected to additional pricing techniques, including cost analysis. Such yardsticks should be considered as an indispensable adjunct to cost analysis, since a study of a single offerer's estimated costs in sole source situations will not indicate...
Page 182 - The committee will stand in recess, subject to call of the Chair. (Whereupon, at 11...
Page 751 - This report is also being sent today to the President of the Senate. Copies are being sent to the President of the United States and to the Secretary of Labor.
Page 401 - Profit or fee is only one element of price and normally represents a smaller proportion of the total price than do such other estimated elements as labor and material. While the public interest requires that excessive profits be avoided, the contracting officer should not become so preoccupied with particular elements of a contractor's estimate of cost and profits that the most important consideration, the total price itself, is distorted or diminished in its significance.
Page 331 - ... provides for the fabrication, purchase, rental, installation or other acquisition, of any item of industrial facilities, or of special tooling having a value in excess of $1,000, or (iv...
Page 218 - If the contracting officer believes that the subcontracting plan submitted pursuant to this section does not reflect the best effort by the bidder to award subcontracts to small and small disadvantaged firms to the fullest extent consistent with the efficient performance...
Page 217 - ... Aircraft, Inc., and is powered by a Pratt & Whitney J-57 turbojet engine. It is designed to carry a nuclear warhead at high speeds and high altitudes against far distant targets, by means of a self-contained guidance system, operating independently of weather, day or night. Snark tests were conducted at the Air Force Missile Test Center, Patrick Air Force Base, Fla., where its long-range accuracy was proved in numerous flights over sea test lanes reaching southward in the Atlantic.
Page 735 - All contracts entered into, amended, or modified pursuant to authority contained in this Act shall include a clause to the effect that the Comptroller General of the United States or any of his duly authorized representatives shall, until the expiration of three years after final payment, have access to and the right to examine any directly pertinent books, documents, papers, and records of the contractor or any of his subcontractors engaged in the performance...

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