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EXPENSES.- Reasonable costs of protecting and preferungentination inventory in your possession and preponnel your claim.
3. You should review any provisions of your contract relating to termination and consult your customer or contracting officer for further information. Government regulations pertaining the basis for determining a fair and reasonable to mnohon settlement are contained in Part 1-8, Federal Procurement in ulations (41 CFR 1-8). Your claim for fairkoropsihips Hoody be prepared on the basis of the costs shown by rady accounting records. Where your costs are not so shown pou may use any reasonable basis for estimating your costs which will provide for fair compensation for the preparations made and work done for the terminated portion of the contract, including a reasonable profit on such preparation and work.
ROFIT.-A reasonable profit with respect to the prep orations you have made and work you have actually done for the terminated portion of your contract. No profit should be included with respect to work which has not been done, nor shall profit be included with respect to settlement expenses, or with respect to settlement with subcontractors.
5. If you use this form, your total charges being claimed (ling 5), must be less than $10,000.00. The government has the right to examine your books and records relative to this proposal, and if you are a subcontractor your customer must be satisfied with your proposal.
4. Generally your settlement proposal may include under items 2, 3, ond 4, the following:
• VS. GOVERNMENT PRINTING OTTICE: 1942 OT-471.
(36 F.R. 6474, Apr. 23, 1970)
§ 1-8.802–4 Format 802–4, Settlement Proposal for Cost-Reimbursement Type
SETTLEMENT PROPOSAL FOR COST-REIMBURSEMENT TYPE CONTRACTS
To be used by prime contractors sabmitting termination claims on cost.reimbursement type contracts under Pan 1-1 of the Federal Procurement
TO PARTIAL O FINAL
The undersigned, individually and th authorized representative of the contractor, certibes that he has examined this sentlement proposal and that, co the best of his knowledge and belief:
(1) AS TO CONTRACTOR'S OWN CHARGES-The proposed settlement (exclusive of charges set forth in Item 10) and supporting schedules and explanations have been prepared from the books of account and records of the contractor in ac. cordance with the terms of the cortract; they include only those charges allocable to the terminated contract; they have been prepared with knowledge that they will, or may, be used directly or indirectly as the basis of settlement of a claim or claims against the United States or an agency thereof; and the charges as stated are fair and reasonable.
(2) AS TO SUBCONTRACTORS' CHARGES-() The contractor has examined, or caused to be examined, to an ex. tent he considered necessary in the circumstances, the claires of his immediate subcontractors (exclusive of claims fled against such immediate subcontractors by their subcontractors); (b) the settlements on account of immediate subcontractors' own charges are fair and reasonable, said charges are allocable to the terminated portion of this contract and said settlements were nego. tiated in good faith and are not more favorable to his immediate subco
are not more favorable to his immediate subcontractors than those which the contractor would make if reimbursement by the Government were not involved; (c) the contractor has received from all his immediate subcon. tractors appropriate certificates with respect to their clairs, which certihcates are substantially in the form of this certificate; and (d) the contractor has no information leading him to doubt (i) the reasonableness of the settlements with more re. mote subcontractors, or (ii) that charges for them are allocable to this contract. Upon receipe by the contractor of amounts covering settlements with his immediate subcontractors, the contrac.or will pay or credit them promptly with the amounts 50 received, to be extent thac he has not previously done so. The term subcontractor as used above includes suppliers.
§ 1-8.803 Formats of inventory schedules. § 1-8.803–1 Format 803-1, Inventory Schedule A (Metals in Mill Product Form).
(a) Page 1 of Format 803–1.
(b) Page 2 of Format 803–1.
INSTRUCTIONS FOR USE-INVENTORY SCHEDULE A
METALS IN MILL PRODUCT FORM
lo) Lint metals in row or primary form os furnished by the mill and on which there has been no subsequent fabricating oporo. hion. Do not include costings and forgings, which are to be listed on Format 803-3. Use a now form, with continuation shoots il necessary, for ooch type of metal, and write the name of the metal or alloy in the Property Clasification" block pro. vided in the upper right-hand comer of the form. Examples aro: Alloy Stool Copper
E. COMMON ITEMS.-Any items of inventory reasonably viablo, without loss to the contractor on his other work, because thoy on materials, parts, or components, common in nature to both the terminated controd and other work of the contractor, are not to bo Intod except for items the delivery of which has beon required by the Government and except for Government-furnished prop onty. (Soo Inventory Schedule Cortificato.)
F. PROCEEDS OF AUTHORIZED SALE (Column 9).- Insert the loto der "A" ofter the amount if the salo (or credit for acquisition) has boon outhorized or approved by the controcting officer or cus. tomor. Insert the latter "C" if the amount represents your oftor to acquire or soll. In either caso, quantity should also be shown (on a second lino) if less than the full quantity shown in col. umn d.
G. GOVERNMENT OWNED PROPERTY
Gombh mehr furnished property should be listed on sop. Cardro Mor a ted to show that the items aro Government
(b) In addition, on the shoots for any such metal, list like forms of the metal or alloy fogother in sequence. For examplo, on the shoot or shoots used to list Carbon Stool, group together all the strip, then follow with the shoots, then the bar stock, etc. 8. DESCRIPTION (Column b).-Full commercial description and weight is required for all items. C. CONDITION (Column c).- for purpose of indicating condition of material, the code indicated below should be usod.. quires the combination of a letter and a number in a las EA or N2). Use the latter "X," without a Tumba rial considered to have no further value prime tended, but of possible salvage value one thote schop1 considered scrop, insert an "S." CODE: N-NEW
Nowiter Title to materials purchased by the contractor is
the Government, such materials should be listed and
go by doto supplied.
(o) Separate Schedules. If the spoco provided for any infor mation called for is insufficient, attach soporato supporting schedules.
(b) Continuation Shoots.-Use Format 803-2 whenever more than ono pogo is required.
(c) Number of Copios. -The number of sets of inventory sched. ulos required will be indicated by the contracting omcor or the customer from whom the notice of formination is received.
D. COST (Columns • ond ). -- Any gonerally recognized basis for costing inventory may be used, provided it has been regularly usd by the col.lrocior and properly rollochs his costs.
Format 803–2, Inventory Schedule A-Continuation Sheet (Metals in Mill Product Forni).
INVENTORY SCHEDULE A CONTINUATION SHEET (METALS IN MILL PRODUCT FORM)
MOPERTY CLASSIFICATION (Se Instructions on Formal 803-1) DATE
PAGE NO. NO. OF PAGES