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Takeover Surety Had No Recourse With Board Termination-default; Bonds-performance

Wednesday, July 02, 2003 03:08 pm

 
Takeover Surety Had No Recourse With Board Termination-default; Bonds-performance

The Armed Services Board of Contract Appeals has ruled that a surety for a defaulted contractor could not file a claim under the Contract Disputes Act for an improper payment to the contractor made prior to a takeover agreement. And the takeover surety could not recover for government delay because no new schedule had been established.

The Air Force awarded a contract to Castle Abatement Corp. to r [...]

 
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