Buck Kreihs Co. v. United States

ALVIN B. RUBIN, District Judge:

Kreihs contracted with the United States on July 30, 1965, to recondition vessels in the New Orleans area. Article 41 of the contract imposed a ten per cent profit limitation. Pursuant to this contract, eight job orders were issued in 1966, and the work done in that year amounted to $1,871,826.50. Thereafter the United States through the Maritime Administration, audited Kreihs’ books and billed it for $54,437.96, an amount determined to be the amount of profits realized by Kreihs in 1966 in excess of 10% of the contract price on these job orders. The Maritime…