Agency Not Required to Modify Contract Pricing to Accommodate Contractor’s Financial Crisis; ASBCA No. 60331, Appeal of LKJ Crabbe Inc.
Appeal of the termination of a contract for cause is denied, where the appellant’s serious financial difficulty rendered it unable to assure the agency that it could perform the contract through the end of the base period, and where the agency correctly interpreted the appellant’s assertion that it would go out of business absent a price adjustment as an anticipatory repudiation of the contract.
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