226 



NATIONAL OCEANOGRAPHIC PROGRAM LEGISLATION 



Contract No. 

 C-300-65(Neg.) 



A RTICL E 6. Allowa ble Co ot, Fixed Fee, and Payment 



(a) For the performance of thla contract, the Government shall 

 pay to the Contractor: 



(l) the cost thereof (hereinafter referred to aa 



"allowable cost") determined by the Contracting 

 Officer to be allowable in accordance with - 



(A) Part 2 of Section 15 of the Federal Pro- 

 curement Re|Tulation.as In effect on the 

 date of this contract; and 



(B) the terma of this contract: and 



such fixed fee, if any, as may be provided for In 

 the Schedule. 



Once each month (or at more frequent Intervals, If approved 

 by the Contracting Officer), the Contractor may submit to 

 an authorized representative of the Contracting Officer, 

 in such form and reasonable detail as such representative 

 may require, an invoice or public voucher supported by a. 

 statement of cost Incurred by the Contractor in the performanci 

 of this contract and claimed to conntltnte allowable cost. 



(c) Promptly after receipt of each Invoice or voucher and 

 statement of cost, the Government shall, except an 

 otherwise provided in this contract, subject to the 

 provisions of (d) below, make payment thereon as 

 approved by the Contracting Officer. Payment of the 

 fixed fee, if any, shall be made to the Contractor 



as specified in the Schedule; PROVIDED, hoivever, that 

 after payment of eighty-five percent (855S) of the 

 fixed fee set forth in the Schedule, further payment 

 on account of the fixed fee shall be withheld until 

 a reserve of either fifteen percent (155S) of the total 

 fixed fee, or one hundred thousand dollars ($100,000), 

 whichever is less, shall have been set aside. 



(d) At any time or times prior to final payment under thla con- 

 tract, the Contracting Officer may have invoices or vouchers 

 and statements of cost audited. Each payment theretofore 

 made ahall be subject to reduction for amounts Included In 

 the related invoice or voucher which are found by the Con- 

 tracting Officer, on the basis of such audit, not to constltut< 

 allowable cost. Any payment may be reduced for overpayments, 

 or increased for xinderpayments , on preceding invoices or 

 vouchers . 



(e) 



On receipt and approval of the Invoice or voucher 'designated 

 by the Contractor aa the "completion Invoice" or "completion 

 voucher" and upon compliance by the Contractor with all the 

 provisions of this contract (includlnr;, v/ithout limitation., 

 the provisions relating to patents and the provisions 01 {i ) 



