[RWebb]

Mike - one thing that I didn't see mentioned above is the way profit is added. Sometimes, instead of adding a % profit to cost, a govt. contractor will just take every item in an assembly and add a fixed amount of the profit to it. e.g instead of adding 22% profit to a 20 cent washer, they will add $500 to each item, generating a $500.20 washer (on paper).