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States or a state or municipality or other public authority, in other
words any kind of a Government contract for goods on which the bidder
has filed prices with his Code Authority, these bids from now on will
be held to have complied with the Code requirements on two conditions:
First, if the bidder quotes a price to the Government agencies not
more than 15 per cent below his filed price and, secondly, if he does
quote a lower price than the filed price, he shall file that lower
price with the Code Authority.
In other words, he gives the public the advantage of the same
reduction that he offers to the Government.
The second part of it is that if any other member of the Code
believes that this lower bid is made possible only by unfair practices,
that he has the right to complain to the Administrator of Industrial
Recovery who shall thereupon make a finding as to whether the com-
plaint is justified or not.
We hope by this means to restore competition on Government bids
and, incidentally, as a result of that, in a very large line of
actual prices to consumers, private consumers, and at the same time to
prevent unfair trade practices.
Q In other words, Mr. President, if they bid on a Government contract now
they do not have to file their prices with the Code Authority?
THE PRESIDENT: Actually at the present time they all bid the same price
with the Government on the excuse that that is the price they have
filed with the Code Authority.
Q Was this situation true of the Fort Peck Dam Project where they all bid
the same price?
THE PRESIDENT: Literally dozens of cases where we have been getting iden-
tical bids.
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"ocrText": "#134 -- 2 437\nStates or a state or municipality or other public authority, in other\nwords any kind of a Government contract for goods on which the bidder\nhas filed prices with his Code Authority, these bids from now on will\nbe held to have complied with the Code requirements on two conditions:\nFirst, if the bidder quotes a price to the Government agencies not\nmore than 15 per cent below his filed price and, secondly, if he does\nquote a lower price than the filed price, he shall file that lower\nprice with the Code Authority.\nIn other words, he gives the public the advantage of the same\nreduction that he offers to the Government.\nThe second part of it is that if any other member of the Code\nbelieves that this lower bid is made possible only by unfair practices,\nthat he has the right to complain to the Administrator of Industrial\nRecovery who shall thereupon make a finding as to whether the com-\nplaint is justified or not.\nWe hope by this means to restore competition on Government bids\nand, incidentally, as a result of that, in a very large line of\nactual prices to consumers, private consumers, and at the same time to\nprevent unfair trade practices.\nQ In other words, Mr. President, if they bid on a Government contract now\nthey do not have to file their prices with the Code Authority?\nTHE PRESIDENT: Actually at the present time they all bid the same price\nwith the Government on the excuse that that is the price they have\nfiled with the Code Authority.\nQ Was this situation true of the Fort Peck Dam Project where they all bid\nthe same price?\nTHE PRESIDENT: Literally dozens of cases where we have been getting iden-\ntical bids."
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