Preventing Payment of Excessive Fees of Compensation in Connection with Negotiation of War Contracts, Hearing ..., on H.R. 1900 ..., May 12, 1943

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U.S. Government Printing Office, 1943 - 34 páginas
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Página 8 - The Contractor warrants that he has not employed any person to solicit or secure this contract upon any agreement for a commission, percentage, brokerage, or contingent fee. Breach of this warranty shall give the Government the right to annul the contract, or, in its discretion, to deduct from the contract price or consideration the amount of such commission, percentage, brokerage, or contingent fees. This warranty shall not apply to commissions payable by Contractors upon contracts or sales secured...
Página 2 - ... under the control of or controlling or under common control with the contractor or subcontractor, under contracts with the Departments and subcontracts...
Página 2 - That nothing in this sentence shall be construed (1) to affect in any way the validity or construction of provisions in any contract with a Department or any subcontract, heretofore at any time or hereafter made, prohibiting the payment of contingent fees or commissions; or...
Página 2 - subcontract" means — (1) any purchase order or agreement (including purchase orders or agreements antedating the related prime contract or higher tier subcontract) to perform all or any part of the work, or to make or furnish any materials, required for the performance of any other contract or subcontract...
Página 2 - Board to be a bona fide executive officer, partner, or full-time employee of the other contracting party, (i) any amount payable under which is contingent upon the procurement of a contract or contracts with a Department or of a subcontract or subcontracts, or determined with reference to the amount of such a contract or subcontract or such contracts or subcontracts...
Página 2 - ... (6) This subsection (c) shall be applicable to all contracts and subcontracts hereafter made and to all contracts and subcontracts heretofore made, whether or not such contracts or subcontracts contain a renegotiation or recapture clause, unless (i) final payment pursuant to such contract or subcontract was made prior to April 28, 1942...
Página 18 - The Contractor warrants that no person or selling agency has been employed or retained to solicit or secure this contract upon an agreement or understanding for a commission, percentage, brokerage or contingent fee, excepting bona fide employees of bona fide established commercial or selling agencies maintained by the contractor for the purpose of securing business.
Página 29 - I should like to hand up a chart showing the payments received by a number of these Washington agents during the last 4 years. You will note that in every case there is an accelerando .up to 1942. Unless something is done, 1943 will be even higher. Their potential and projected earnings, based on present percentages, are fantastic, and it should always be borne in mind that it is the Government — not the manufacturer — who ultimately will bear this burden. With this chart before you, I should...
Página 2 - Any contract or arrangement other than a contract or arrangement between two contracting parties, one of which parties is found by the Board to be a bona fide executive officer, partner, or full-time employee of the...
Página 31 - Without objection, they will be made a part of the record. (The letters referred to are as follows :) DEPARTMENT OF THE AIR FORCE, HEADQUARTERS OF THE US AIR FORCE, Washington, September 22, 1948. Mr. RAYNORDEN, President, Seaboard <t Western Airlines, /no., .Yeic York, AM".

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