Volume 49 · 991
Public Law 74–815
To authorize the acceptance of bids for Government contracts made subject to codes of fair competition.
Approved August 29, 1935
Statutory text
JOINT RESOLUTION
To authorize the acceptance of bids for Government contracts made subject to codes of fair competition.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled,
That no bid submitted prior to the enactment of this joint resolution in response to the invitation of any executive department, independent establishment, or other agency or instrumentality of the United States, the District of Columbia, or any corporation all the stock of which is owned by the United States (all of the foregoing being hereinafter designated as “agencies of the United States”), if otherwise valid and acceptable, shall be rejected because made subject to the provisions of any code or codes of fair competition, or any related requirements (as provided in Executive Order Numbered 6646 of March 14, 1934),
Requirement.
if the bidder, with the assent of his surety, shall agree in writing that the contract, if entered into, shall, in lieu of such code provisions or other related requirements, be subject to all Acts of Congress, enacted after the date of enactment of this joint resolution, requiring 11So in original.the observance of minimum wages, maximum hours, or limitations as to age of employees in the performance of contracts with agencies of the United States. In such cases the compensation provided for
Reduction of compensation stated in contract.
in the contract shall be reduced from that stated in the bid by the amount that the contracting officer, subject to the approval of the Comptroller General, shall find the cost of performing the contract is reduced solely by reason of the contractor not complying with the provisions of such code or codes or related requirements; and the
Increase when cost of performance increased by reason of compliance with subsequent Acts of Congress.
compensation for the performance of the contract shall be increased from that fixed in the contract by the amount that the contracting officer, subject to the approval of the Comptroller General, shall find the cost of performing the contract has been increased solely by reason of compliance with such subsequent Acts of Congress, if any, relating to the performance of contracts with agencies of the United States.
Approved, August 29, 1935.