B-201180: Dec 29, 1980

THERE IS NO PRICE ADJUSTMENT CLAUSE. INTERRACIAL COUNCIL FOR BUSINESS OPPORTUNITY: THE INTERRACIAL COUNCIL FOR BUSINESS OPPORTUNITY (ICBO) HAS REQUESTED REFORMATION OF ITS CONTRACT WITH THE DEPARTMENT OF COMMERCE (CONTRACT NO. 4-36481) TO INCREASE THE FEDERAL SHARE WHICH IS DUE TO NCREASE THE FEDERAL SHARE WHICH IS DUE TO THE ICBO UNDER THE COST SHARING AGREEMENT. THE REQUEST IS DENIED. THE CONTRA...

B-201180: Dec 29, 1980

The Interracial Council for Business Opportunity (ICBO) requested reformation of its contract with the Department of Commerce to increase the Federal share which was due to ICBO under the cost sharing agreement. The contract was a cost-reimbursement-type contract which called for partial reimbursement of allowable costs incurred by ICBO. The language in the contract provided that, in order to qual...