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Government Liable For Misdirected Eft Payment Payment-progress

Thursday, November 03, 2005 04:23 pm

Government Liable For Misdirected Eft Payment Payment-progress

The Armed Services Board of Contract Appeals has held the government liable for a misdirected electronic funds transfer of a progress payment.

The Army Corps of Engineers awarded a contract to S.A.S. Bianchi Ugo fu Gabbriello for construction of improvements to a tank farm in Livorno, Italy. The contract stated that payment would be made in Italian Lire, deposited by means of [...]

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