FINAL CLOSE-OUT CONTRACT BB-425 TASK 2

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP67B00074R000500200002-9
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 6
• Document Creation Date: December 21, 2016
• Document Release Date: November 20, 2008
• Sequence Number: 2
• Publication Date: November 8, 1965
• Content Type: REPORT

Approved For Release 2008/11/20: CIA-RDP67B00074R000500200002-9M,ommm
SHC65-9031-306
Copy No.
SPECIAL HANDLING
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 Approved For Release 2008/11/20: CIA-RDP67B00074R000500200002-9
7 PECIAL ti'AND NG
Release
Assignment of Refunds, Rebates and Credits
Certification for Percentage of Completion
Cost - Analysis at Recoverable Overhead and G & A Rates
SPECIAL HANDLING
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RELEASE
Contract No. BB-425 Task 2
Pursuant to the 'terms of Contract No. BB-425 Task 2 and in consideration of the sum
of thirty-two thousand, six hundred forty-nine dollars and eighty-three cents
which has been or is to be paid under 'the said contract to Itek Corporation, 10 Maguire
Road, Lexington,.Massachusetts, (hereinafter called the Contractor) or its assignees,
if any, the Contractor, upon payment of the'said sum by the United States of America
(hereinafter called the Government) does remise, release and discharge the Government,
their officers, agents and employees of and from all liabilities, obligations, claims
and demands whatsoever under or arising from the said contract, except:
1. Specified claims in stated amounts or in estimated amounts where the
amounts are not susceptible of exact statement by the Contractor, as follows:
2. Claims, together with reasonable expenses incidental thereto, based upon
the liabilities of the Government to third parties arising out of the per-
formance of the said contract which are not known to the Contractor on the
date of the execution of this release and of which the Contractor gives
notice in writing to the Government within the period specified in the said
contract.
3. Claims for reimbursement of costs (other than expenses of the Contractor
by reason of its indemnification of the Government against patent liability),
including reasonable expenses incidental thereto, incurred by the Contractor
under the provisions of the said. contract relating to patents.
The Contractor agrees, in connection with patent matters and with claims which are
not released as set forth above, that it will comply with all of the provisions of
the said contract, including without limitation those provisions relating to
notification to the Government and relating to the defense or prosecution'of
litigation.
IN WITNESS WHEREOF
Nnvom}hur 1985 '
Ite
By
Corporation Controller
I'- ~ , certify that I am the Secretary
(Official Title
STAT
STAT of the corporation named as Contractor in the foregoing release; that
who signed said release on behalf of the Contractor, was then r on Controller
(Official Title)
of said corporation; that said release was duly signed for and in behalf of said
corporation by authority of its governing body and is within-the scope of its
STAT
(Corporate S.al)
SPECIAL HANDLING
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ASSIGNMENT OF REFUNDS, REBATES AND CREDITS
Pursuant to the terms of Contract No. BB-425 Task 2 and in consideration
of the reimbursement of costs and payment of fee, as provided in the said contract
and any assignment thereunder, Itek Corporation, 10 Maguire Road, Lexington,
Massachusetts, (hereinafter called the Contractor) does hereby:
1. Assign, transfer, set over and release to the United States of America
(hereinafter called the Government) all right, title and interest to all
refunds, rebates, credits or other amounts (including any interest thereon)
arising out of the performance of the said contract, together with all the
rights of action accrued or which may hereafter accrue thereunder.
2. Agree to take whatever action may be necessary to effect prompt collection
of all refunds, rebates, credits or other amounts (including any interest
thereon) due, or which may become due, and to promptly forward to the Govern-
ment checks (made payable to the Treasurer of the United States)'for any
proceeds so collected. The reasonable costs of any such action to effect
collection shall constitute allowable costs when approved by the Contracting
Officer as stated in the said contract and may be applied to reduce any
amounts otherwise payable to the Government under the terms hereof.
3. Agree to cooperate fully with the Government as to any claim or suit
in connection with refunds, rebates, credits, or other amounts due (including
any interest thereon); to execute any protest, pleading, application, power
of attorney or other papers in connection therewith; and to permit the Govern-
ment to represent it at any hearing, trial, or other proceeding arising out
of such claim or suit.
IN WITNESS WHEREOF, this assignment has been executed this eighth day
of November 1965
Itek Cor oration
By
Title Corporation Controller
certify that I am. the Secretary
Official Title
of the corporation named as Contractor in the foregoing assignment; that
who signed said release on behalf of the Contractor, was
then Corporation Controller of said corporation; that said release was duly
Official Title)
signed for and in behalf of said corporation by authority of its governing body
and is within the scope of its corporate powers
(Corporate Seal)
STAT,
STAT
STAT
STAT
SPECIAL HANDLING
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S 11
PECIAL
{ 'ae , -er 2, Contract 11'4425)
h~eret r certify th kt the pero.nta - of eo*pletion of work
o.atisd for in Contract Task ~.rrdsr !;0- 2 to X25, as detera iron
by estimate **de and approved by not was not less than as
or 5 April 1962.
STAT
"4tede
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 Approved For Release 2008/11/20: CIA-RDP67B00074R000500200002-9
PROJECT 9031
Fiscal
1961
2nd Half
Engineering 1731.7
Total Direct Labor Hours 1731.7
Engineering $ 7158.58
Total Direct Labor Dollars $ 7158.58
Labor Overhead
Engineering
10474.43
Total Labor Overhead 10474.43
Material 52.54
Contract Labor
Travel
Tel & Tel 1.49
Overtime Premium 1.35
Other Direct Labor 276.64
G&A
Total Costs
Rates Applied:
Fiscal
1962
Grand
Total
584.0
2315.7
584.0
2315.7
$ 2470.04
$ 9628.62
$ 2470.04
$ 9628.62
3349.13
13823.56
3349.13
13823.56
2185.44
2237.98
272.25
272.25
72.99
72.99
12.73
14.22
22.13
23.48
609.11
885.75
Overhead Engineering 146.327. 135.597
G&A
C ; HANDLING
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