CME Group, Inc.

Material Facts

• On 1 September 2009, the Air Force awarded CME Group, Inc. a cost-plus-fixed-fee contract to conduct research.
• The estimated cost of the contract was $7,337,000 with a fixed fee of $514,000 for a total of $7,851,000.
• The contract was incrementally funded with $1,058,000 obligated at award.
• By Modification No. P00001, dated 7 October 2009, the Air Force added $196,193 in incremental funding.
• By Modification No. P00003, dated 26 April 2010, the Air Force added $1,100,000 in incremental funding.
• On 23 August 2010, DTRA informed the contracting officer that CME's contract would not be funded beyond 15 October 2010.
• On 3 September 2010, the contracting officer notified CME to cease performance and prepare for the removal of Government-Furnished Property.
• CME requested that the contracting officer terminate its contract for convenience, which was done on 16 September 2010.
• CME did not submit a termination settlement claim to the contracting officer prior to filing a notice of appeal on 1 December 2010.

Parties

Appellant

CME Group, Inc.

Respondent Agency

Air Force

Contract Number

FA8650-09-C-6034