United States Federal Circuit

The Armed Services Board of Contract Appeals' ruling that defendant was not required to pay interest to the government for a potential violation of Cost Accounting Standard 413, 48 C.F.R. section 9904.413 (CAS 413), is reversed and remanded as defendant's failure to pay the government in the accounting period required by CAS 413 necessarily resulted in increased costs to the government. Therefore, defendant is liable to the government for compound interest under the CAS clause.

Appellate Information

• Decided 09/14/2009
• Published 09/14/2009

Judges

Court

• United States Federal Circuit

Counsel