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Page 1
... prepared statement before we begin the hearing this morning . As a way of background and to the purpose of the hearing on this particular subject : During the 1st session of the 86th Congress , this subcommittee requested and received ...
... prepared statement before we begin the hearing this morning . As a way of background and to the purpose of the hearing on this particular subject : During the 1st session of the 86th Congress , this subcommittee requested and received ...
Page 2
... prepared schedules whi summarize our reports through March 1961 on the Air Force an Navy contracts and which show both the nature of the finding in ea case and the recoveries to that date . In most cases , the recoveries we either ...
... prepared schedules whi summarize our reports through March 1961 on the Air Force an Navy contracts and which show both the nature of the finding in ea case and the recoveries to that date . In most cases , the recoveries we either ...
Page 41
... is to find out what the Navy has done or not done about it . I understand you have a prepared statement . Admiral BEARDSLEY . Yes , sir . Mr. HÉBERT . You may proceed . Admiral BEARDSLEY . OVERPRICING OF GOVERNMENT CONTRACTS 41.
... is to find out what the Navy has done or not done about it . I understand you have a prepared statement . Admiral BEARDSLEY . Yes , sir . Mr. HÉBERT . You may proceed . Admiral BEARDSLEY . OVERPRICING OF GOVERNMENT CONTRACTS 41.
Page 50
... prepared statement did not include specific comments with regard to the two new cases to which reference is made in ... preparation . I have with me personnel able to respond to such questions as you may have con- cerning them . I would ...
... prepared statement did not include specific comments with regard to the two new cases to which reference is made in ... preparation . I have with me personnel able to respond to such questions as you may have con- cerning them . I would ...
Page 51
... prepared to discuss the individual reports or answer any questions you desire . I thank you sincerely for this opportunity . Mr. HEBERT . Admiral , I am particularly interested in the case which I refer to as the $ 9 million case . I ...
... prepared to discuss the individual reports or answer any questions you desire . I thank you sincerely for this opportunity . Mr. HEBERT . Admiral , I am particularly interested in the case which I refer to as the $ 9 million case . I ...
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Common terms and phrases
Accounting Office Admiral BEARDSLEY Admiral LYLE aeronautical Air Force Air Materiel Area Aircraft Corp amount Army ASPR audit Aviation Supply Office BAILEY BARLOW basis believe BELL BUNKER CAMPBELL Captain HIRST cents Chairman Colonel DILLON committee competitive procurement contracting officer correct COURTNEY CRUDEN curement Data Review Board Defense Department determination drawings Dwgs equipment furnished GAO report GAVIN Government bought HARDY HÉBERT involved KITCHIN manufacturer MARKEY McELYEA ment million Navy negotiated NORBLAD open contract particular item percent personnel Pratt & Whitney prime contractor problem procedures production profit proprietary data purchase question RACUSIN recovery redetermination reprocurement responsibility RUTTENBERG SANDWEG Secretary BELIEU Secretary IGNATIUS Secretary IMIRIE Secretary MORRIS sole source specific standard cost statement subcommittee subcontractor supplier talking target TASSIN technical data thing tion Transportation Materiel Command United Aircraft Corp variance vendor WELCH Westinghouse
Popular passages
Page 532 - Government under this contract may be assigned to a bank, trust company, or other financing institution, including any Federal lending agency, and may thereafter be further assigned and reassigned to any such institution.
Page 531 - 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 531 - Any claim by the Contractor for adjustment under this clause must be asserted within 60 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 540 - ... 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.
Page 534 - ... than one and one-half times the basic rate of pay. For each violation of the requirements of this article a penalty of five dollars shall be imposed upon the contractor for each laborer or mechanic for every calendar day in which such employee is required or permitted to labor more than eight hours upon said work without receiving compensation computed in accordance with this article, and all penalties thus imposed shall be withheld for the use and benefit of the Government...
Page 537 - The rights and remedies of the Government provided in this clause shall not be exclusive and are In addition to any other rights and remedies provided by law or under this contract.
Page 531 - In case any supplies or lots of supplies are defective In material or workmanship or otherwise not in conformity with the, requirements of this contract, the Government shall have the right either to reject them (with or without instructions as to their disposition) or to require their correction. Supplies or lota of supplies which have been rejected or required to be corrected shall be removed or, if permitted or required by the Contracting...
Page 536 - Contractor in connection with the terminated portion of the contract whenever in the opinion of the Contracting Officer the aggregate of such payments shall be within the amount to which the Contractor will be entitled hereunder. If the total of such payments Is in excess of the amount...
Page 539 - Officer to agree as provided in paragraph (d) upon the whole amount to be paid to the Contractor by reason of the termination of work pursuant to this clause, the Contracting Officer shall...
Page 535 - Termination; and (9) 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 In which the Government has or may acquire an interest.