Agency Not Required to Adjust Contract Price to Reflect Increase in Korea’s Minimum Wage; Appeals of KF&S Corp., ASBCA Nos. 62223, 62292

Appeal of claim seeking a price adjustment to cover the costs of increase in the minimum wage in Korea is denied. The contractor alleged the government breached the duty of good faith and fair dealing by requiring the contractor to comply with Korean labor laws but not including a price escalation clause to cover the […]
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