ADVISORY REPORT OF FINAL AUDIT ITEK CORPORATION NEWTON, MASSACHUSETTS CPFF CONTRACT BB-425 TASK ORDER NO. 4

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP67B00820R000300110014-6
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 7
• Document Creation Date: December 12, 2016
• Document Release Date: June 12, 2002
• Sequence Number: 14
• Publication Date: September 19, 1966
• Content Type: MEMO

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OSA-3731-66
#A-235-66
TO:
Audit Liaison Office
P.O. Box 8155
S.S. Station
Washington, D.C.
19 September 1966
SUBJECT: Advisory Report of Final Audit
Itek Corporation
Newton, Massachusetts
CPF'F Contract BB-425
Task Order No. 4
TO : Contracting Officer
RED' : 26 January 1965, OSA-0006 Request
1. This is the final audit report for subject task order,
dated 13 April 1962, as amended thru 20 June 1963. The task order
provided for the contractor to conduct a design study, tests, and
25X1A make necessary modifications to the Image Enhancement Viewer. The
estimated cost was 0 plus a fixed fee of 0 or a total
25X1 A CPFF of Q The scheduled conpletion date was 30 November1963.
Work cc enced in May 1962 but was not physically completed until
February 1964.
2. The results of audit follow:
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Costs claimed
Fixed fee
Total amount audited and approved*
*But, please see note r
Note: Included in costs claimed of is
an amount of which was incurred after
contract completion date of 30 November 1963. This
amount consisted of the following:
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Direct Labor
Overhead
Material
Other Direct Charges
G.
Total coats incurred
after 30 November 63
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Allowable costs were based on Part 2, Section XV, A$PR
and other contractual terms.
3. There are no unclaimed wages, unclaimed deposits, un-
represented checks or known potential credits or refunds.
4. There are no known charges outstanding against
contractor for any lo:zs, damage or destruction of Government property.
5. There is no known residual property for which account-
ability exists under this contract.
6. The contractor's contract finalization documents, sub-
mitted to the auditor.. are attached as follows:
July 1966, Voucher No. 23 Credit memo of *365.38.
Cc*npletion Voucher No. 24, dated 2 August 1966 of
.92.
Cumulative Claim and Reconciliation.
Release.
Assi ent of Refunds, Rebates au d. Credits.
Royalty Report.
Report of Inventions and. Subcontracts and. Patent
Disclosure.
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DUA Represent
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SHC66-9043-392
Copy No.
FINAL CLOSE-OUT
CONTRACT NO. BB-425, TASK ORDER 4
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RELEASE
ASSIGNMENT OF REFUNDS, REBATES, AND CREDITS
SCHEDULE OF RATES AND COSTS
REPORT OF INVENTIONS AND SUBCONTRACTS
MEMO INDICATING NO INVENTORY
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RELEASE
Contract No. BB-425, TO 4
25X1A Pursuant to the terms of Contract No. BB-425 TO 41nd in consideration of the
sum of
which has been or is to be paid under the said contract to Itek Corporation,
10 M,.guire Road, Lexington, Massachusetts (hereinafter called the Contractor)
or its assignees, if any, the Contractor, upon payment of the said sum by
the Jnited tates 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 whatso-
ever 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: N/A
2. Claims, together with reasonable expenses incidental thereto,
based upon the liabilities of the Government to third parties arising out
of the performance 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 the
patent liability), including reasonable expenses incidental thereto, incurred
Secretary:
(Official Title
who signed said-release. on behalf-of the Contractor, was
then of said corporation; that'said release was duly
(Official Title)
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are not released as set forth above, that it will comply with., all 'of. the. pro-;
The Contractor agrees,. in connection with patent matters and with claims which
by the Contractor under the provisions of the said contract relating to patents.
prosecution of.litigation.
IN WITNESS: WIiEREOF, " thr's
August 1966x
signed for and in behalf of said corporation by authority of its governing
body and ij within the scope of its corporate powers.
(Corporate Seal)
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C l - F - ) Fr`I A I Hi N 1 ini(
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Pursuant to the terms of Contract No.BB-425, TO 4 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 collec-
tion of all refunds, rebates, credits or other amounts (including any
interest thereon) due, or which may become due, and to promptly forward
to the Government 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.
Contract No.BB-425, TO 4
ASSIGNMENT OF REFUNDS, REBATES AND CREDITS
3. Agree to cooperate fully with the Government as to any claim or
suit in connection with refunds, rebates
credits
or
th
,
,
o
er amounts
due (including any interest thereon); to execute any
rotest
leadi
p
, p
ng,
application, power of attorney or other papers in connection therewith ;
and to permit the Government to represent it at any hearing, trial or
other proceeding ;..;ng _
f
IN WITNESS WHEREOF, this.assignment has''been
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viiiciai iitie
.of the corporation named as Contractor in the foregoing assignment; that
r-~
Uf said corporation; that said assignment was duly
signed for and in behalf of said corporation by authority of its-governing body
and is within the scope of its corporate powers.
Official Title
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(CORPORATE SEAL)
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SPEC'IAI HANflI ING
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