ASBCA Won't Revisit Partial Ruling In $3.8M Lease Dispute
Law360, Nashville (March 15, 2017, 4:11 PM EDT) -- The Armed Services Board of Contract Appeals won’t reconsider its ruling that the Defense Contract Management Agency made a “nonsensical” interpretation of an accounting standard in a $3.8 million lease overcharge dispute with Exelis Inc., saying the DCMA had not shown any errors in the original decision.
The DCMA failed to show that the board had misinterpreted the text of federal Cost Accounting Standard 404 or that it had incorrectly held that generally accepted accounting principles, or GAAP, plays no role in interpreting the standard, nor had it shown that the board mistakenly applied the wrong standard of review by incorrectly...
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