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Contractor No Longer Bound By Mark-up Limitation Profit; Overhead

Wednesday, April 02, 2003 01:02 pm

 
Contractor No Longer Bound By Mark-up Limitation Profit; Overhead

In another case arising out of the same project, the Armed Services Board has ruled that once contract modifications exceeded ten percent of the original contract price, the contractor was no longer subject to the stipulated mark-ups on direct costs.

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