Word: awarded
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Dates: during 1960-1969
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...Feinsinger would introduce what he calls a "neutral," appointed by both sides, who would audit negotiations as a detached and dispassionate observer, making nonbinding recommendations on request. In the event of a bargaining deadlock, the neutral could break it, again by common consent, with a "final and binding arbitration award." Adds Feinsinger: "Since this procedure would be the product of mutual agreement, there would be an incentive to make it work...
...award stage the Defense Department determines the type of contract and the process of entering it. The Defense Department has a Fixed Price type of contract, in which it pays a predetermined fixed price, and a Cost type of contract, in which it pays the cost of fulfilling the contract...
Because of the sloppiness and negligence of the pre-award stage, the last safeguard for the Defense Department is a post-audit. The DOD, however, generally neglects to post-audit any of its contracts, and has purposely avoided post-auditing Firm Fixed Price (FFP) contracts. (FFP contracts account for $22 billion in procurement!) In the past DOD failed to post-audit FFP contracts not because it didn't have the authority--the Truth in Negotiations Law gave them the authority--but because there were no internal regulations requiring it. Under intense Congressional pressure, McNamara finally established such regulations last October...
...three-time Academy Award nominee and 1966 Tony Award winner is currently starring in the Broadway hit-musical Mame. About 500 admirers jammed Holyoke Street to watch her police-escorted motorcade arrive as a contingent from the Harvard University Band struck up "10,000 Men of Harvard...
Inside the Clubhouse when Miss Lansbury received an award plaque and replica of the famous Hasty Pudding Pot, she stammered "I'm so charmed I'm absolutely spitless...