VESEQU LLC

Material Facts

• DLA awarded VESEQU a contract for VESEQU to acquire and make available 30 web-based subscriptions, publications, and periodicals.
• The contract included a termination for convenience clause under FAR 52.212-4(l).
• S&P and Bloomberg insisted that the government sign master service agreements, and VESEQU unsuccessfully attempted to negotiate license terms.
• Disputes arose concerning the required Benchmark subscription and whether Project Blue services were required on a per-subscription or per-material basis.
• The contracting officer issued a Stop Work Order concerning the cancelled subscriptions on October 27, 2025.
• VESEQU's Cost Summary, request for equitable adjustment, and Substantiating Documentation asserted that VESEQU had spent 760 hours on the cancelled subscriptions.
• VESEQU did not provide evidence from the internal time-tracking system it identified as the source of its claimed hours.
• The discovery crosswalk allocated some claimed work to activities across the full contract and to non-cancelled subscriptions.
• VESEQU did not submit the Bucket C Time Ledger to the Board.
• The contracting officer's amended settlement determination calculated 69.75 hours and used an $85 hourly rate.

Parties

Appellant

VESEQU LLC

Respondent Agency

Defense Logistics Agency Strategic Materials

Contracting Agency

Defense Logistics Agency Strategic Materials

Contract Number

SP8000-25-C-0005