Word: contractor
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Dates: during 1940-1949
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...professional bidder bought five $300 Army searchlights at auction for $31 apiece. Later, he resold them to a Government contractor (working for the Navy) for $205 each...
Dirt Cheap. In San Francisco, Harry Vensano, Public Works director, demanded that the city hold up a $12,375 Payment for soil delivered to a city park. His objection: the enterprising contractor had dug the dirt out of city streets...
...Deal. Probably the only man to dampen the buying zeal of Trader Hilton is red-faced, reticent ex-Bricklayer Stephen Healy. A contractor at heart, Healy was an uneasy owner of the $28,000,000 lakefront gargantua. But Hilton's obvious passion to own the place made Healy stifle his own eagerness to sell. First, he wanted $500,000 clear profit on the $5,281,000 he had paid the Army for the Stevens, and the $800,000 he had spent on furnishings. Then he coolly upped his profit demand to $650,000, then to a million, finally...
...streamlined version of the old labor-pirating racket. Swamped with war orders and short of skilled workers, 20 small, back-alley machine shops had hijacked machinists from bigger war plants. Their system was simple: each would hire someone else's skilled worker away as a "private contractor," let him "bid" on each job he turned out and "rent" the machine he worked on. Technically, this wile put the worker in business for himself. Thus the worker who changed jobs needed no WMC statement of availability, and by "bidding" for jobs, neatly dodged WLB wage ceilings as well...
...Navy is equally sure that Grumman's realism pays. Production per pound per man is the highest of any Navy plane contractor (in June it was 60% above the average for the entire aircraft industry). And the price of Grumman planes, less motors and other Government-furnished equipment, has come down to an estimated $33,500, about a third under the contract price (the company gets one-fifth of the saving, the Navy the rest...