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B-201180 1 (1980-12-29)

handle is hein.gao/gaobadito0001 and id is 1 raw text is: U' THE COMPTROLLER GENERAL DECISION OF THE UNITED STATES WASHINGTON. D. C. 20548 FILE: B-201180 DATE: December 29, 1980 MATTER OF: Interracial Council for Business Opportunity O- DIGES-T Where Government contract contains express stipulation of amount to be paid, and there is no price adjustment clause, no basis exists for reforming contract to increase contract price. Fact that unforeseen recession occurred does not empower GAO to reform contract based upon equitable considerations. »1 Th 'eInterracial Council for Business Opportunity (ICBO) has requested reformation of its contract with the Department of Commerce (contract No. 4-36481) to increase the Federal share which is due to the ICBO under the cost sharing agreement.The ICBO argues on equitable grounds that those provisions of the contract which limit the percentage of costs which the Department of Commerce must reimburse to the ICBO should be deleted in their entirety We find no basis for granting the relief requested by the ICBO and, therefore, the request is denied. The contract was a cost-reimbursement-type contract which called for partial rei ursement of allowable costs incurred by the ICBO. The ICBO was to serve as a national business development organization operating local business development organizations throughout the nationQ The contract, as amended, called for performance by the ICBO from February 1, 1974, through December 31, 1975, and set a ceiling of $1,820,010 on the total amount of the Federal payments which would be made to the ICBO. However, a Ocle IV of the contract, entitled Allocation of Costs, povided that, in order to qualify for reim- bursement o the maximum Federal share, the ICBO had to incur allowable costs under the contract in an amount equal to 75 percent of the ICBO's total operating budget for each year of the contract period Article IV further stated, in pertinent part, that:

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