GSA Can't Fix $450M Travel Contract Price: Court

Law360, New York (August 26, 2011, 7:29 PM EDT) -- A federal court ruled Friday that the U.S. General Services Administration had violated customary commercial practice by soliciting a 15-year fixed pricing schedule for a $450 million travel management contract, but dismissed the rest of CW Government Travel Inc.'s motion for judgment against the agency.

“GSA's inclusion in the solicitation of the 15-year fixed pricing schedule violates customary commercial practice and is therefore, in the absence of a valid waiver, arbitrary, capricious and contrary to law,” the U.S. Court of Federal Claims said. “Judgment is in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.