SRI International
SRI International appealed a decision regarding the allowability of Letter of Credit costs under Contract No. HROO 11-06-C-0023. The Board clarified its previous ruling on the costs and the associated interest.
Material Facts
- SRI International incurred Letter of Credit costs in fiscal years 2005 and 2006.
- The claimed costs totaled $609,621, with $338,133 for FY 2005 and $271,488 for FY 2006.
- The Board previously ruled that the LOC costs were allowable under FAR 31.205-27(a)(3) and FAR 31.201-2.
- The government did not challenge the underlying entitlement holding that the LOC costs were allowable.
Parties
- Appellant
- SRI International
- Respondent Agency
- Defense Contract Management Agency
- Contract Number
- Contract No. HROO 11-06-C-0023
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