Purchases pursuant to the Economy Act are not. exempt from the requirements of 48 CFR 7.3, âContractor Versus Government Performance.â. Thus, OMB Circular A-76 applies to Economy Act agreements. Economy Act agreement must achieve full cost recovery, and there is no law permits a waiver of. this full cost recovery requirement. Full cost recovery includes direct and indirect costs. Further, the Economy Act does not allow a Federal agency or unit to receive a profit when. providing goods or services. The FAR states that Economy Act orders must include (1) a description of the supplies or.
Definition of boxer. 1 : a person who engages in the sport of boxing.
The Boxer Rebellion, a bloody uprising in China at the turn of the 20th century against foreigners, is a relatively obscure historical event with far-reaching consequences that nevertheless is often remembered because of its unusual name. The Boxers. Who exactly were the Boxers? They were members of a secret society made up mostly of peasants in northern China known as I-ho-ch'uan (Righteous and Harmonious Fists) and were called the Boxers by the Western press; members of the secret society practiced boxing and calisthenic rituals that they thought would make them impervious to bullets and attacks, and this led to their unusual but memorable name.