Riverside Research Institute v. The United States

ARCHER, Circuit Judge.

Riverside Research Institute (Riverside) appeals from the decision of the Armed Services Board of Contract Appeals (ASBCA or Board) holding that Riverside did not incur an allowable cost based on the acquisition of new leasehold improvements which were paid for by Riverside’s former landlord in consideration of its surrender of its leasehold interest in that landlord’s building prior to the end of the lease term. We reverse.

Background

Riverside is a not-for-profit corporation which performs research, development and experimental work for the government. Government…