C.F.R. » Title 32 » CHAPTER I—OFFICE OF THE SECRETARY OF DEFENSE › SUBCHAPTER G—DEFENSE CONTRACTING › PART 173—COMPETITIVE INFORMATION CERTIFICATE AND PROFIT REDUCTION CLAUSE

32 C.F.R. § 173.1

Scope

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(a) The purpose of the Competitive Information Certificate is to provide the Contracting Officer sufficient information and assurance to support award of a contract in those circumstances where certification is required.

(b) Although a Competitive Information Certificate provides reasonable assurance to the Government, the possibility remains that even a diligent internal review by the contractor may fail to identify illegal or improper actions. The purpose of the Profit Reduction Clause is to ensure effective protection of the Government's interest in making contract awards when a Competitive Information Certification is required. The Profit Reduction Clause is required in all competitively awarded new contracts over $100,000 when a Competitive Information Certificate is required prior to award.

Notes of Decisions
Cited in 1 case, 1971–1971 · leading case: United Van Lines, Inc. v. United States, 448 F.2d 1190 (D.C. Cir. 1971).
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United Van Lines, Inc. v. United States, 448 F.2d 1190 (D.C. Cir. 1971). “Such a result would be absurd and can be avoided by construing, as we do, the word “may” in both Sections (c) and (d) to import a promise on the part of the Government to pay on demand made in accordance with those Sections.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.