SRI International
SRI International appealed a decision denying its claim for costs incurred in maintaining a standby Letter of Credit under Contract No. HROO11-06-C-0023. The Board sustained the appeal, finding the costs allowable under FAR 31.205-27(a)(3).
Material Facts
- SRI International is a nonprofit scientific institute that performs research and development work primarily for the U.S. government.
- SRI incurred costs in maintaining a standby Letter of Credit issued by Wells Fargo to guarantee repayment of its long-term debt.
- The government contended that the claimed costs were unallowable under FAR 31.205-20 as costs of financing long-term capital.
- SRI argued that the costs were allowable as bonding costs under FAR 31.205-4 and as administrative costs of short-term borrowings under FAR 31.205-27(a)(3).
- The LOC was required to secure SRI's obligations under Variable Rate Demand Revenue Bonds issued for its project.
Parties
- Appellant
- SRI International
- Respondent Agency
- Defense Contract Management Agency
- Contract Number
- Contract No. HROO11-06-C-0023
Full Legal Analysis
Create a free account to read the complete grounded legal brief for this decision, including the holding, every issue the Board decided, quantum, verified citations, and the case's citation graph.
Holding & Legal Reasoning
The Board's holding, background, and procedural posture for this decision.
Issues Presented
Every issue the Board decided, with its determination, reasoning, and supporting authority.
Quantum & Recovery
The claimed, awarded, and net dollar amounts at issue, itemized where the record supports it.
Verified Authorities & Citations
Every cited FAR, DFARS, CAS, and case-law authority, cross-checked against the source text.
Practitioner Takeaways
Practical guidance for contractors and counsel, distilled from the Board's ruling.
Similar Cases
Related decisions surfaced by semantic search across the full analyzed corpus.
Citation Graph
An interactive graph of this case's cited authorities, judge, agency, and related decisions.
Related Decisions
Same Judge
- Gilford CorporationNo. 59734November 22, 2016
- Omnivox LLC d/b/a True North ConsultingNo. 60110September 23, 2016
- Optimum Services, Inc.No. 59952September 6, 2016
- Arab Shah Construction CompanyNo. 60553August 4, 2016
- BAE Systems San Francisco Ship RepairNo. 58810, 59642June 13, 2016
- BAE Systems San Francisco Ship RepairNo. 58809January 11, 2016
Same Year
- Joint Venture Makyal Ins. Ve Tic. A.S. & Mehmet Erdal Kamisli Co. Ltd.No. 56956December 28, 2011
- Distributed Solutions, Inc.No. 57266December 28, 2011
- Quimba Software, Inc.No. 57636December 19, 2011
- American General Trading & Contracting, WLLNo. 56758December 13, 2011
- Harry RichardsonNo. 57582December 9, 2011
- Sharp Electronics CorporationNo. 57583December 6, 2011
Same Issue
- Africa Transport Logistics CompanyNo. 64120October 1, 2026
- Scot Cardillo dba Engineers Tooling SupportNo. 61612September 22, 2026
- U.S. Aeroteam, Inc.No. 61972, 61973August 6, 2026
- Raytheon Company and Raytheon Missile SystemsNo. 59435, 59436, 59437, 59438, 60056, 60057, 60058, 60059, 60060, 60061May 14, 2026
- IAP Worldwide Services, Inc.No. 62638, 63879May 6, 2026
- CACI International, Inc.No. 63663March 10, 2026