Hawaii Revised Statutes 237-6 – “Contractor”, “contracting”, “federal cost-plus contractor”, defined
“Contracting” means the business activities of a contractor.
“Contractor” includes, for purposes of this chapter:
Terms Used In Hawaii Revised Statutes 237-6
- Business: includes all activities (personal, professional, or corporate) engaged in or caused to be engaged in with the object of gain or economic benefit either direct or indirect, but does not include casual sales. See Hawaii Revised Statutes 237-2
- Contract: A legal written agreement that becomes binding when signed.
“Federal cost-plus contractor” means a contractor having a contract with the United States or an instrumentality thereof, excluding national banks, where, by the terms of the contract, the United States or such instrumentality, excluding national banks, agrees to reimburse the contractor for the cost of material, plant, or equipment used in the performance of the contract and for taxes which the contractor may be required to pay with respect to such material, plant, or equipment, whether the contractor’s profit is computed in the form of a fixed fee or on a percentage basis; and also means a subcontractor under such a contract, who also operates on a cost-plus basis.