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093176 1 (1971-02-08)

handle is hein.gao/gaobacugv0001 and id is 1 raw text is: 

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UNITED STATES GENERAL. ACCOUNTING OFFICE
            REGIONAL OFFICE
              36 FWIAL PLAZA
        NEw YORK, tEW TYRK 1007


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Major Generol rrvin ), Grahma, Jr.
Coaniding   tioer
U.S. Awry  vitttionn Uomwand
Dowvr  Now Jerey   07'01


Dear Conral  Crab*.Ms


    ;hbn h rvte  w i the April 17, 1963, prxpsaiulattedA  by Syplnw
and Instrumnte  Divstoa, Buloit Wch   Compaeny7 bw.  to th3,1 s. Arsy
Amunittion Proouent aM Supply Apany (kp, Jihot,      1infltns,   for
H524A  twin.   OR the hals of this proposa1,j   tqcit      it1A109n63a.0)233
%ms avaied  on April 26, 1961 for l,  atdlio  tsi tat  a total per.t
or  0o, 41,77,

    he  contreot Jaluded a delbotiw  pricbng oav  wprovidig  for a
rtduction in prcet if the prioe rt inerwased by a p1lpU'tfonAt rount
becaune the contrsater furnised  incoulet., insinuratt  &r anwrr.t
cost or pricing data. lugotiattos  iam   Mid on April 17, 1969, ad
Dulova ibmitted  te  rew&ind cost or pricing *titfloate on
April tS, 196d.


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   Tsm  tire tfixd price negotiUted we abent  707,400 higbw  than it
should hav  been ttcaune Bulova 'ed imaccurate cost inforsto'm in
preparing its propoial. This aount  includes direat Na    lhnrn ttr
lobor pLu  applicable owrherd, &pertl    nd adtMitwtrtiAv expenesp
and profit (see app. I, II),


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FEB 8 1971


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