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1 Renegotiation of Government Contracts 1943

handle is hein.beal/gvvc0001 and id is 1 raw text is: Business and Investment Service SPECIAL REPORT RENEGOTIATION of GOVERNMENT CONTRACTS (Second Edition) FEBRUARY, 1943 TABLE OF PAGE INTRODUCTION, CONCLUSION, RECOMMENDATIONS 1 ARGUMENTS FOR AND AGAINST RENEGOTIATION.. 2 THE LAW OF RENEGOTIATION ....................3 Application ........................... 3 Limitation ............................ 4 Exemptions ........................... 4 COMPUTATION ............................ 5 Reimbursable Costs .................... 5 General ........................... 5 Specific ........................... 5 Advertising ..................... 5 Engineering .................... 6 Selling ......................... 6 Determination of Excessive Profits ........ 6 CONTRACT PROVISIONS ..................... 7 The Agreement ........................ 7 Prohibited Provisions ................ 8 Illustrative Provisions ............... 8 Procurement Regulations Nos. 3 and 12 .... 8 Form I ........................... 8 Statements ..................... 8 Payments ...................... 9 Records and Accounts ............. 9 Form II ........................... 9 CONTENTS PAGE TAX CREDIT .............................. 10 PROCEDURE .............................. 10 Agencies ............................. 10 The Secretaries ..................... 10 The Price Adjustment Board ........... 11 Authority ...................... 11 Functions ...................... 11 Policy ......................... 12 Principles ...................... 12 The Price Adjustment Section ......... 12 The Cost Analysis Section ............ 13 The Parties ........................... 13 The Government ................... 13 The Army ...................... 13 The Navy ...................... 14 The Company ...................... 15 Changes in Company Statements.... 15 The Agreement ........................ 15 General ........................... 15 Interim Agreements ................. 16 Final Agreements ................... 16 Review .............................. 16 International Statistical Bureau, Inc. 70 Fifth Ave., New York, N. Y.

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