Request for Remission of Liquidated Damages

B-174147: Mar 12, 1973

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Thomas H. Armstrong
(202) 512-8257
ArmstrongT@gao.gov

 

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United States Fidelity and Guaranty Company requested that GAO approve remission of liquidated damages assessed for delay in the completion of an Army contract.

GAO approved partial remission of liquidated damages, provided the contractor agrees to accept that amount as full and final settlement of his claim.