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SUMMARY OF CONTRACT FOR SEAPLANE TENDERS

CONTRACTOR: LAKE WASHINGTON SHIPYARDS AND PACIFIC CAR AND FOUNDRY CO., HOUGHTON, WASHINGTON

January 29, 1941, Under date of December 6, 1940, the Navy Department entered into a contract with Lake Washington Shipyards and Pacific Car and Foundry Co. for the construction of six (6) small seaplane tenders at their plants at Houghton, Washington, on a cost-plus-a-fixed-fee basis, the estimated cost per vessel, exclusive of the fixed fee of $240,000.00 per vessel payable to the contractor, being $4,000,000.00.

The above-mentioned contract contains provision for the suspension, termination or cancellation of the contract in order to safeguard the Government's interest In the event that the public exigency requires that any such action be taken. An equitable basis for settlement of the contract is provided in the case of each of these contingencies.

The estimated cost and the fixed fee payable to the contractor under the contract is subject to adjustment for chances in the plans and specifications which may be ordered by the Navy Department during the course of construction.

S. M. Robinson, Chief of Bureau.

[F.R. Doc. 41-763; Filed, February 1, 1041; 9:47 a. m.]