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Judges
Awards Freedom
$15 Million
3 Judges at the Armed Services Board of Contract Appeals (ASBCA) has
ruled, that the Defense Logistics Agencies Contracting Officers,
Marvin Leibman, ACO & Frank Bankoff, PCO, BREACHED Freedom's
Contract at least 24 different times between 1984 & 1987 and has in
August 2001, (15 years later), AWARDED Freedom $5.9 million in
equitable adjustment contract cost increases plus CDA interest from
1991 of $4.8 million equaling $10.7 million dollars. When this $10.7
million is applied to the Contract Termination Settlement process,
the adjustment for loss is wiped out and the proper, contracted and
bargained for profit of 14.88% is applied to the overall contract
costs, the contract price adjustment worksheets then show that the
total contract Award to be over 15 million dollars.
Read entire Court Decision....
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