Contracts.

Oral Answers to Questions — Ministry of Supply. – in the House of Commons at on 1 October 1941.

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Photo of Sir Edward Keeling Sir Edward Keeling , Twickenham

asked the Parliamentary Secretary to the Ministry of Supply whether any recent contracts have been placed on a cost-plus-percentage basis; and whether he can give an assurance that all future contracts will be made either at a fixed price or on a cost-plus-fixed-profit basis?

Photo of Mr Harold Macmillan Mr Harold Macmillan , Stockton-on-Tees

During the four weeks ended 16th September, 1941, two contracts were placed on the basis of payment to the contractor of actual ascertained cost plus a percentage of the cost as profit. This type of contract has only been made because it was not possible to estimate the extent or cost of the work in advance.