Background Material on Economy in Government, 1967: Materials Prepared for the Subcommittee on Economy in Government of the Joint Economic Committee, Congress of the United States, Volume 7

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U.S. Government Printing Office, 1967 - Government purchasing - 299 pages

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Page 194 - Defense policy to break out that component if: (i) substantial net cost savings will probably be achieved; and (ii) such action will not jeopardize the quality, reliability, performance or timely delivery of the end item.
Page 194 - Whenever it is anticipated that the prime contract for a weapons system or other major end item will be awarded without adequate price competition, and the prime contractor Is expected to acquire a component without such competition, it is...
Page 39 - Total 56.3 .2 59.7 100 companies and their subsidiaries listed according to net value of military prime contract awards, fiscal year 1966 (July 1, 1965, to June SO, 1966) — Continued See footnotes at end of table, p.
Page 34 - Joint venture. 77-601—67100 companies and their subsidiaries listed according to net value of military prime contract awards, fiscal year 1966 (July 1, 1965, to June 30, 1966) See footnotes at end of table, p.
Page 40 - Net value of new procurement actions minus cancellations, terminations, and other credit transactions. The data include debit and credit procurement actions of $10,000 or more, under military supply, service, and construction contracts for work in the United States plus awards to listed companies and other US companies for work overseas.
Page 40 - The assignment of subsidiaries to parent companies is based on stock ownership of 50 percent or more by the parent company, as indicated by data published in standard industrial reference sources. The company totals do not include contracts made by other US Government agencies and financed with Department of Defense funds, or contracts awarded in foreign nations through their respective governments.
Page 193 - It is the general policy of the Department of Defense that contractors will furnish all material required for the performance of Government contracts. However, the Government should furnish material to a contractor when it is determined to be in the best interest of the Government by reason of economy, standardization, the expediting of production, or other appropriate circumstances.
Page 27 - Economic retention stock Is that portion of the quantity in long supply which It has been determined will be retained for future peacetime issue of consumption as being more economical than future replenishment by procurement.
Page 250 - We also found that of the remaining 57 of the 242 procurements examined, agency and contractor records of the negotiation indicated that cost or pricing data were not obtained apparently because the prices were based on adequate price competition or on an established catalog or market price of commercial items sold in substantial quantities to the general public. But there was not a record showing the basis for the contracting officer's determination.

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