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Cost Principles in Termination Settlements.

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The analysis reveals liberal application of cost principles in termination settlements, suggesting fair treatment for war contractors.

The aim is to explore the application of cost principles in termination settlements, particularly for war contracts.
Review of accounting practices involved in termination settlements.
Analysis of the liberal attitudes adopted by the government regarding these settlements.
Examination of the Contract Settlement Act of 1944.
Cost principles in termination settlements are more liberal than those in cost-plus-fixed-fee contracts.
The government aims for speedy and equitable settlements for war contractors.
The Contract Settlement Act of 1944 reflects a commitment to fairness in settlement practices.

Oscar S. Nelson (1944) studied this question.

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