Defense Industrial Base: Industrial Preparedness and Nuclear War Survival : Hearings Before the Joint Committee on Defense Production, Congress of the United States, Ninety-fourth Congress, Second Session- ....U.S. Government Printing Office, 1977 - Defense contracts |
Common terms and phrases
agency Air Force average B-1 bomber BABIONE basis believe capital investment changes commercial business commercial profit centers Committee on Defense companies CONGRESS THE LIBRARY contract cost contractor investment Cost Accounting Standard cost of facilities cost type defense business defense contract profits defense contractors Defense Department defense industrial base defense market Defense Production Department of Defense depreciation DGS Associates dollars equipment estimated facilities capital facilities investment factor Federal FITZGERALD fixed price FTC Durable going Government Profit Centers ideas improve incentive increase Joint Committee LIBRARY OF CONGRES LIBRARY OF CONGRESS ment million monopoly negotiated profit November 15 overall percent performance price competition problem procurement productivity reward Profit 76 Study profit objective profit rate reduce Representative MITCHELL return on investment return on sales revision risk Secretary Clements Senator PROXMIRE shipbuilding should-cost STANSBERRY statement suppliers supply testimony tion unit cost weighted guidelines William Proxmire
Popular passages
Page 87 - Depreciation. (a) Depreciation is a charge to current operations which distributes the cost of a tangible capital asset, less estimated residual value, over the estimated useful life of the asset in a systematic and logical manner. It does not involve a process of valuation.
Page 89 - In determining this charge, consideration should be given to cost, total estimated useful life at time of negotiation, effect of any increased maintenance charges or decreased efficiency due to age, and the amount of depreciation. If any, previously charged to Government contracts or subcontracts, (h) For depreciation on idle facilities and idle capacity, see § 1-15.205-12.
Page 77 - Foundation, and has been a member of the Advisory Council on the Southwest Center for Advanced Studies.
Page 87 - Depreciation will ordinarily be considered reasonable if the contractor follows depreciation policies and procedures which: (A) are consistent with the policies and procedures he follows in the same cost center in connection with his business other than Government business...
Page 87 - ... the estimated useful life of the asset in a systematic and logical manner. It does not involve a process of valuation. Useful life has reference to the prospective period of economic usefulness in the particular contractor's operations as distinguished from physical life.
Page 46 - Government assistance are entitled to special profit consideration on those items, as a special profit factor to be considered within the weighted guidelines in arriving at a profit objective. One to four percent of recognized cost is established as the normal range of value for this profit factor. The criteria for selection of the specific percentage shall be the Importance of the development in...
Page 46 - It Is appropriate to recognize outstanding sales effort in the foreign markets and attendant risks by a special profit factor to be considered within the weighted guidelines In arriving at a profit objective. One to four percent of recognized costs is established as the normal range of value for this profit factor.
Page 128 - In testimony referred to earlier before the Subcommittee on Production and Stabilization of the Senate Committee on Banking, Housing, and Urban Affairs...
Page 47 - In turn, to reduce profit dollars opportunity. For example, a fixed-price incentive-type contract Is typically used for the first production contract of a major weapon system program. The incentive to increase productivity and reduce cost within one contract works against a contractor on follow-on production contracts because the reduced level of cost becomes a part of the basis for pricing subsequent contracts. In order to mitigate the loss of profit dollars opportunity that occurs when costs are...
Page 87 - ... those followed in the same cost center for business other than Government; (2) Reflected in the contractor's books of accounts and financial statements; and (3) Both used and acceptable for Federal income tax purposes. (e) When the depreciation reflected on a contractor's books of accounts and financial statements differs from that used and acceptable for Federal income tax purposes, reimbursement shall be based on the asset cost amortized over the estimated useful life of the property using...