From Colonel Albert J. Browning, onetime head of Chicago's United Wall Paper Corp., now head of the giant Purchases Division of the Army's Services of Supply, came last week a sense-making announcement. So far as possible, the Army will try to restore the profit incentive to its wartime contracts, so that manufacturers who cut costs will be duly rewarded.
Worst feature of most war procurement at present is that if a manufacturer has a fixed-fee contract, he gets a profit anyway. If he has a fixed-price contract, chances are that the Government will renegotiate his profits away if they get too big....
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