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B-178475 1 (1973-06-05)

handle is hein.gao/gaobaadcg0001 and id is 1 raw text is: COMPTROLLR GLIM.&L OF TtHE UNITZO STA-l24 WA.MHGT€,-D. ,U7 5.17~,73Junte 5& 1973 The Eoncnb.e Tv F. WConndok Public Printor U.S. owernmeLt Printing Office Dear * M.-Corik: b Referuce is svad. to your letter of Apil 17, 1973, with enclosurea nqtsting a decisioa as to hether the priceu for item (IX)(1) of the coutract covering Program No. 359-B, a requireents typo contract for the production of Naval Training )arnals with the Carley P'rinting CaNy, may be increas i to cover recent :frice inreaes ain paper. Uner the authority of the Ecoaoic StabUlization Act of 1970 (P. L.,91-37% 84 Stat. 799), as amended, Executive Order 1.1615, dated August 1, 1971, was Issued for the purpoce of stabilizing prices, rents, wages and alries in order to stabilze the econucy, reduce inflation and minimizo unemployment. In impementinZ the policies of Executive Order 11615# the Government Printing Office (GPO) attached to the soli- citation, upon ihich the subject aontract is based, the following provisions: NmCflEOF i4JWV mmMrWRSBBI FcAIATIQ SWA AND PRICE STANKUD Ridders are advised of st established under Executive Orders 31615, 11627, and i1640 setting maxizmn permissible percentages of escalation in wage rates and price increases. Ouch standards ca)f for vage rate ireases of no sore than 5.5 percent per annym unless specific excrptions haye sbeen granted by the Pay Board. The price standard established by the Price Ccmueiuion hz the objectivt of holding ecr.ocy-wide price Increases to 2.5 percent per annu (3 percent per annum in the came of scall business firma). To acnieve this target, firms are slaved te increase prices to reflect aflownble costs iutmuurd since the last price Incrase or since January l 1971, vhichaeor was lator, and stuch coats as Urn are continuing to Isow, adjusted to reflect productivity gains. These price increases may not result in profit margins t e es vhich exceed tin firm's profit margins for the highest 2 tf the last 3 fiscal yacrs ending before Augu rt 15, 1971. Average productivity gains era estimated to be 3 percent w higher for thi concm annualy tar 1972 and 1973. . -

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