41 U.S.C. § 103 : US Code - Section 103: Definitions

Search 41 U.S.C. § 103 : US Code - Section 103: Definitions

As used in this chapter -
(a) The term "prime contract" means any contract, agreement, or
purchase order heretofore or hereafter entered into by a
contracting agency and connected with or related to the prosecution
of the war; and the term "prime contractor" means any holder of one
or more prime contracts.
(b) The term "subcontract" means any contract, agreement, or
purchase order heretofore or hereafter entered into to perform any
work, or to make or furnish any material to the extent that such
work or material is required for the performance of any one or more
prime contracts or of any one or more other subcontracts; and the
term "subcontractor" means any holder of one or more subcontracts.
(c) The term "war contract" means a prime contract or a
subcontract; and the term "war contractor" means any holder of one
or more war contracts.
(d) The terms "termination", "terminate" and "terminated" refer
to the termination or cancellation, in whole or in part, of work
under a prime contract for the convenience or at the option of the
Government (except for default of the prime contractor) or of work
under a subcontract for any reason except the default of the
subcontractor.
(e) The term "material" includes any article, commodity,
machinery, equipment, accessory, part, component, assembly, work in
process, maintenance, repair, and operating supplies, and any
product of any kind.
(f) The term "Government agency" means any executive department
of the Government, or any administrative unit or subdivision
thereof, any independent agency or any corporation owned or
controlled by the United States in the executive branch of the
Government, and includes any contracting agency.
(g) The term "contracting agency" means any Government agency,
which has been or hereafter may be authorized to make contracts
pursuant to section 611 (!1) of Appendix to title 50, and includes
the Reconstruction Finance Corporation and any corporation
organized pursuant to the Reconstruction Finance Corporation Act,
and the Secretary of Commerce.
(h) The term "termination claim" means any claim or demand by a
war contractor for fair compensation for the termination of any war
contract and any other claim under a terminated war contract, which
regulations prescribed under this chapter authorize to be asserted
and settled in connection with any termination settlement.
(i) The term "interim financing" includes advance payments,
partial payments, loans, discounts, advances, and commitments in
connection therewith, and guaranties of loans, discounts, advances,
and commitments in connection therewith and any other type of
financing made in contemplation of or related to termination of war
contracts.
(j) The term "Administrator" means the Administrator of General
Services.
(k) The term "person" means any individual, corporation,
partnership, firm, association, trust, estate, or other entity.
(l) The term "termination inventory" means any materials
(including a proper part of any common materials), properly
allocable to the terminated portion of a war contract, except any
machinery or equipment subject to a separate contract specifically
governing the use or disposition thereof.
(m) The term "final and conclusive", as applied to any
settlement, finding, or decision, means that such settlement,
finding, or decision shall not be reopened, annulled, modified, set
aside, or disregarded by any officer, employee, or agent of the
United States or in any suit, action, or proceeding except as
provided in this chapter.