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B-186693 1 (1976-07-15)

handle is hein.gao/gaobadcwv0001 and id is 1 raw text is: 



                            THE  COMPTROLLER GENERAL
DECISION        *           OF   THE    UNITED      STATES
                            WASHINGTON, O .C. 2O548
                    (N ITE


FILE:    B-186693                  DATE:  July 15, 1976

MATTER OF: Allis-Chalmers Corporation


DIGEST:




     The term latest available indices on date of shipment
     as used in contract for purpose of price adjustment is
     held to mean latest published indices rather than
     latest preliminary unpublished figures available from
     Department of Labor.



     By letter of June 7, 1976, a Certifying Officer of the
Bonneville Power Administration (BPA), U.S. Department of
Interior, asks this Office to interpret the payment provision
contained in Bonneville Power Administration Contract No. 14-03-
5118N.

     The contract was entered into by BPA and the Allis-Chalmers
 Corporation, and it includes a Price Policy Clause, drafted
 by Allis-Chalmers, which provides as follows: (underscoring
 supplied)


     The price is firm only on the date of
     purchase.  Beginning on the date of pur-
     chase the price will be adjusted upward
     or downward based on the changes in the
     Bureau of Labor Statistics Labor and
     Material indices as follows:

          1.  Base indices established
              below are those available
              on.September 1, 1974.

          2.  For the purposes of adjust-
              ment indices will be applied
              in the following proportions
              to selling price.


                   1*                       q *7 7 0*

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