Causes of Excessive Profits on Defense and Space Contracts: The Renegotiation Board : Report to the Congress

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Page 3 - Nature and extent of contribution to the defense effort, including inventive and developmental contribution and cooperation with the Government and other contractors in supplying technical assistance...
Page 7 - Departments named in section 103 are the Department of Defense, the Department of the Army, the Department of the Navy, the Department of the Air Force, the Maritime Administration, the Federal Maritime Board, the General Services Administration, the National Aeronautics and Space Administration, and the Atomic Energy Commission.
Page 7 - Character of business, including source and nature of materials, complexity of manufacturing technique, character and extent of subcontracting, and rate of turn-over...
Page 3 - ... with particular regard to attainment of quantity and quality production, reduction of costs, and economy in the use of materials, facilities and manpower; and in addition there shall be taken into consideration the following factors: 1. Reasonableness of costs and profits, with particular regard to volume of production, normal earnings, and comparison of war and peace-time products; 2.
Page 7 - Department" means the Department of Defense, the Department of the Army, the Department of the Navy, the Department of the Air Force, the Maritime Administration, the Federal Maritime Board, the General Services Administration, the National Aeronautics and Space Administration, the Federal Aviation Agency, and the Atomic Energy Commission.
Page 20 - Even assuming we had efficient and effective price negotiations for contract awards, we believe that renegotiation of actual profits realized is desirable to prevent excessive profits which result from changed conditions that cannot be anticipated at the time of contract award.
Page 28 - The Honorable Elmer B. Staats Comptroller General of the United States Washington, DC 20548 Dear Mr. Staats: This is in reply to your letter to the Secretary of Defense regarding your report dated February 7, 1979, Qn "The US Antisatellite Capability: Its Progress and Future,
Page 16 - Under current defense contract negotiation procedures, little consideration is given to the amount of capital investment required from the contractor for contract performance. Instead, profit objectives are developed as a percentage of the anticipated costs of material, labor, and overhead. As a result, inequities can and do arise between contractors providing differing proportions of the capital required for contract performance.
Page 19 - It is important that half of the 42 high-profit contracts we reviewed were awarded on the basis of price competition, indicating that neither formal advertising nor competitive negotiation was effective in preventing excessive profits.

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