Cost-plus-fixed-fee-supply-contracts

WAR DEPARTMENT

INDUSTRIAL PROPERTY ACCOUNTING

MANUAL FOR COST – PLUS – A – FIXED – FEE SUPPLY CONTRACTS

It should be impressed upon the contractor that an accounting for each individual item of cataloged (class “B”) property is required. To expedite the final settlement of contracts, contractors should be required to obtain the approval of the contracting officer prior to the removal of any class “B” property from the plant site, and currently to notify the contracting officer, through the accountable property officer, of each case of loss of class “B” property.

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