SCHEDULE F-SETTLEMENTS WITH IMMEDIATE SUBCONTRACTORS AND SUPPLIERS (ITEM 14) Name and address of subcontractor Brief description of product canceled SCHEDULE G-DISPOSAL OR Other CreDITS (ITEM 18) Description Amount Leave blank (If practicable, show separately amount of disposal credits applicable to acceptable finished product included in Item 15) SCHEDULE H-PARTIAL, ADVANCE OR PROGRESS PAYMENTS (ITEM 19) Date Explanation Amount Leave blank When the space provided for any information is insufficient, attach separate supporting schedules Form Approved. Budget Bureau No. 17-R002. Forms printed are for information only, and do not follow the exact format prescribed by the issuing agency. SHORT FORM SETTLEMENT PROPOSAL Form 1a Office of Contract Settlement For Use by Prime Contractor or Subcontractor Under Terminated Fixed-Price War Supply Contract TO BE USED ONLY WHERE YOU PROPOSE TO RETAIN OR DISPOSE OF ALL INVENTORY (ITEMS 1 AND 2) AND AMOUNT OF YOUR NET PROPOSAL (ITEM 6) IS LESS THAN $1,000 This proposal applies to (check one): A prime contract with the Government, or Subcontract or purchase order No(s). (Name of contractor who sent Notice of Termination) (Address) Govt. Agency If moneys payable under the contract have been assigned, give name and address of assignee Govt. Prime Contract No. Contractor's Reference No. Effective date of termination with STATUS OF CONTRACT OR ORDER AT EFFECTIVE DATE OF TERMINATION PROPOSED SETTLEMENT (Include only items allocable to terminated portion of contract) 1. Charge for acceptable finished product not covered by invoicing---- 2. Charge for work in process, raw materials, etc., on 3. Other charges, including settlement expenses, set- 4. TOTAL CHARGES. 5. Deduct-Your offer for entire inventory included in items 1 and 2 (including proceeds of any sales). Give below a brief explanation of how you arrived at the amounts You should retain all papers and records relating to the proposal for 6. NET SETTLEMENT_ CERTIFICATE The undersigned certifies that the above Proposed Settlement includes only charges allocable to the terminated portion of the contract or purchase order, that the total charges (Item 4) and the deduction for the inventory retained or disposed of (Item 5) are fair and reasonable, and that this proposal has been prepared with knowledge that it will, or may, be used directly or indirectly as the basis for settlement of a claim or claims against the United States or an agency thereof. Other charges (Item 3) include an allowance for interest on this claim to 60 days from the date hereof, and no additional interest will be claimed unless a revised settlement proposal is submitted. 1. This settlement proposal should be submitted to the contracting officer, if you are a prime contractor, or to your customer, if you are a subcontractor. 2. You should review any provisions of your contract relating to termination. The Contract Settlement Act of 1944 provides for the payment of fair compensation for termination of war contracts, and regulations of Government contracting agencies contain detailed information relating to termination claims. Your claim for fair compensation may be prepared on a cost basis, or on the basis of a percentage of the contract price representing the estimated percentage of completion of work under the terminated contract, or may be calculated by any other method that will provide fair compensation for the preparations made and work done for the terminated portion of the contract. including a reasonable profit on such preparations and work. 3. Generally, if your settlement proposal is prepared on a cost basis, it may include, under items 2 and 3, the following: (a) Costs. Costs incurred which are reasonably necessary and are properly allocable to the terminated portion of your contract under recognized commercial accounting practices, including direct and indirect manufacturing, selling and distribution, administrative, and other costs and expenses incurred. (b) Settlements with subcontractors. Reasonable settlements of claims of subcontractors allocable to the terminated portion of your contract. (c) Settlement expenses. Reasonable costs of preserving and protecting termination inventory in your possession and of settling your claim. (d) Profit. A reasonable profit with respect to the preparations you have made and work you have actually done for the terminated portion of your contract. No profit should be included with respect to work which has not been done. 4. If you use this form, your net proposal must be less than $1,000, and you must retain or dispose of all the termination inventory at the best price obtainable. The Government may examine your books and records relative to this proposal, and if you are a subcontractor, your customer must be satisfied with respect to it. Acceptance of this proposal will constitute approval of the price which you offer for the entire inventory, including the proceeds of any sales which you have made. 5. Reference is made to section 19 of the Contract Settlement Act of 1944 relating to the retention of records and working papers, and to any similar provisions of your contract, and to the provisions of section 19 of the act imposing penalties for the filing of fraudulent claims. Form 1b-Office of Contract Settlement (Read instructions for use of Standard Contract Settlement Proposal Forms) Form Approved. Budget Bureau No. 17-R003. Forms are printed for information only, and do not follow the exact format prescribed by the issuing agency. SETTLEMENT PROPOSAL (TOTAL COST BASIS) For Use by Prime Contractor or Subcontractor Under Terminated Fixed-Price War Supply Contract This proposal applies to (check one): A prime contract with the Government, or Subcontract or purchase order No(s). 625507-45-SUPP. VII-BK. 2-93 with -- (Name of contractor who sent Notice of Termination) (Address) interim, or final. (Check one.) If moneys payable under the contract have been assigned, give name and address of assignee Is Form (Schedule of Accounting Information) attached? If not, explain Yes No STATUS OF CONTRACT OR ORDER AT EFFECTIVE DATE OF TERMINATION Page 3103 NOTE: Column (d) above should only be used in the event of a partial termination, in which case the total cost reported below should be accumulated to date o. completion of the continued portion of the contract and the deduction for finished product (Item 10 below) should be the contract price of finished product in columns (a) (b), and (d) above |