B-228262: Jan 12, 1988

The Department of the Interior is authorized to pay a contract line item for bonds and insurance that is in excess of the cost of the bonds and insurance. Where payment of the amount for that item is consistent with the language of the contract and the intent of the parties. Where the language in a contract is clear and unambiguous. Contractual terms will be given their usual and ordinary meaning...

B-228262: Jan 12, 1988

The Bureau of Reclamation requested an advance decision concerning a contractor's claim for the bid amount in excess of its actual and bid bond costs under a contract for aqueduct repairs. GAO held that the Bureau should pay the firm the excess amount of the bid over its actual costs, since: (1) such payment was consistent with the contract's intent, which was clear and unambiguous; and (2) the Bu...