B-117595, JUL. 16, 1957

B-117595: Jul 16, 1957

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TO UNITED STATES RUBBER COMPANY: REFERENCE IS MADE TO A LETTER DATED JUNE 17. THE RECORD SHOWS THAT SUCH AMOUNT IS INCLUDED IN THE COMPUTATION OF THE NET AMOUNT OF $333.07 WHICH YOU CLAIMED ON A VOUCHER PREPARED UNDER DATE OF MARCH 20. THAT VOUCHER WAS SUBMITTED TO OUR CLAIMS DIVISION ADMINISTRATIVELY APPROVED IN THE AMOUNT OF $246.46. INASMUCH AS THERE ARE NO OTHER OUTSTANDING CLAIMS UNDER THE CONTRACT AND SINCE YOUR ATTORNEYS HAVE INDICATED THAT YOU WILL AGREE TO SUCH BASIS OF SETTLEMENT. 453.78 PLUS $246.46) WILL BE ALLOWED AND PAID TO YOUR COMPANY AS IN FULL AND FINAL SETTLEMENT OF ALL CLAIMS ARISING OUT OF CONTRACT NO.

B-117595, JUL. 16, 1957

TO UNITED STATES RUBBER COMPANY:

REFERENCE IS MADE TO A LETTER DATED JUNE 17, 1957, FROM YOUR ATTORNEYS, RELATIVE TO SETTLEMENT DATED MAY 20, 1957, WHICH DISALLOWED YOUR CLAIMS FOR ADDITIONAL COMPENSATION UNDER CONTRACT NO. W44-109-QM 2030 DATED MAY 1, 1948.

AS SUGGESTED IN THAT LETTER, PAYMENT OF THE AMOUNT OF $8,453.78 WOULD APPEAR TO REPRESENT A REASONABLE ADJUSTMENT ON YOUR CLAIMS FOR $22,795.52 AND $3,503.88, WHICH RELATE TO WORK PERFORMED UNDER THE CONTRACT PRIOR TO NOVEMBER 1, 1950. WITH RESPECT TO THE ADDITIONALLY CLAIMED AMOUNT OF $719.59 AS A RESUBMISSION OF OVERHEAD COSTS DELETED FROM A PAYMENT MADE TO YOUR COMPANY FOR WORK PERFORMED DURING THE MONTH OF NOVEMBER 1950, THE RECORD SHOWS THAT SUCH AMOUNT IS INCLUDED IN THE COMPUTATION OF THE NET AMOUNT OF $333.07 WHICH YOU CLAIMED ON A VOUCHER PREPARED UNDER DATE OF MARCH 20, 1953. THAT VOUCHER WAS SUBMITTED TO OUR CLAIMS DIVISION ADMINISTRATIVELY APPROVED IN THE AMOUNT OF $246.46.

INASMUCH AS THERE ARE NO OTHER OUTSTANDING CLAIMS UNDER THE CONTRACT AND SINCE YOUR ATTORNEYS HAVE INDICATED THAT YOU WILL AGREE TO SUCH BASIS OF SETTLEMENT, THE AMOUNT OF $8,700.24 ($8,453.78 PLUS $246.46) WILL BE ALLOWED AND PAID TO YOUR COMPANY AS IN FULL AND FINAL SETTLEMENT OF ALL CLAIMS ARISING OUT OF CONTRACT NO. W44-109-QM-2030.