A firm asked GAO to reconsider a prior position concerning whether, under the provisions of the firm's Federal incorporation statute, it may receive a fee or a profit on its contracts with the Federal Government. In two current contracts, the procuring agencies took the position that the firm's charter precluded the payment of any profit to the firm under the contracts. In a prior decision, GAO fo...

1967) HOLDING THAT ACS COULD NOT BE PAID MORTGAGE INTEREST UNDER FEDERAL CONTRACTS WILL NO LONGER BE FOLLOWED. A REVIEW OF THE BACKGROUND RELATING TO THIS MATTER IS HELPFUL. REIMBURSEMENT FOR MORTGAGE INTEREST ON A BUILDING OWNED BY ACS IN WHICH THE CONTRACT WAS TO BE PERFORMED. 400 FIGURE WAS THE APPROXIMATE COST OF MORTGAGE INTEREST OVER THE CONTRACT PERIOD ON THAT PORTION OF THE BUILDING TO BE...