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                        GRANTED:  December 2, 1996
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                                GSBCA 13591

                                     
                         FALCON ASSOCIATES, INC.,

                                        Appellant,

                                    v.

                     GENERAL SERVICES ADMINISTRATION,

                                        Respondent.

     Joseph A. McManus, Jr. and Christopher Kane of Lyon and
McManus, Washington, counsel for Appellant.

     Kevin S. Anderson, Office of General Counsel, General Services
Administration, Washington, DC, counsel for Respondent.     

Before Board Judges BORWICK, WILLIAMS, DeGRAFF 
     
BORWICK, Board Judge.

     On May 8, 1996, Falcon Associates, Inc. (Falcon) filed an
appeal from the contracting officer's decision dated February 12,
1996, in connection with a dispute under contract no.
GS05P91GBC0108,IMN89001.  The contract was for construction for
courts expansion/reorganization and life safety improvements at the
Warren E. Burger Federal Building in St. Paul, Minnesota.  

     Pursuant to Rule 136(e), on November 19, 1996, the parties
filed an agreement for stipulated award, together with certificates
of finality, with the Board.  The agreement provides in pertinent
part:

          1.   GSA agrees to pay and Falcon agrees to accept
     the lump sum of $500,000, inclusive of interest, costs,
     and attorney fees, in full and final settlement of all
     disputes arising under or related to GSBCA 13591 and
     further in full and final payment under the contract.

          2.   If payment of the settlement amount ($500,000)
     is made to Falcon later than sixty (60) calendar days
     from the effective date of this Settlement Agreement,
     then Falcon will also be entitled to interest on the
     settlement amount ($500,000) at the rates set by the
     Secretary of the Treasury [pursuant to Public Law 92-41
     (85 Stat. 97) for the Renegotiation Board] beginning on
     the sixty-first (61) day, until paid.

          3.   GSA and Falcon upon the joint execution of this
     Settlement Agreement agree to submit GSBCA No. 13591 to
     the GSBCA for decision in accordance with the terms of
     this Settlement Agreement.  Both GSA and Falcon will
     submit certificates of finality to the GSBCA with a
     request that the GSBCA certify the amount of $500,000
     (inclusive of interest, costs, and attorney fees), which
     is set forth above in Paragraph No. 1, to the United
     States Department of the Treasury for payment.

          4.   Falcon forever and unconditionally discharges,
     remises, and releases GSA, its agents, servants,
     employees, officials, successors, and assigns from all
     liability for the disputes described in Falcon's claim of
     November 22, 1994, as amended on December 15, 1994 and
     September 9, 1996, related to, described in, and/or
     docketed as GSBCA No. 13591 and further from all known
     and/or unknown liabilities, obligations, demands,
     actions, suits, debts, charges, causes of action,
     requests for money and/or payment under the contract,
     outstanding invoices, and claims whatsoever directly or
     indirectly arising under or related to the contract,
     including without limitation any fees under the Equal
     Access to Justice Act, 5 U.S.C.  504, claims for costs,
     and interest under the Contract Disputes Act of 1978, 41
     U.S.C.  601 et seq.

          5.   This settlement agreement is inclusive of, and
     in full satisfaction of, all interest, attorney fees,
     and/or any costs incurred by Falcon, its agents,
     servants, employees, officials, successors, and assigns
     for the dispute and/or claims docketed as GSBCA 13591.

          6.   As between the parties to this settlement
     agreement, as between either party hereto and any other
     person, firm, corporation, or other entity, nothing
     contained in this settlement agreement shall be construed
     as an admission of liability or fact or default or as an
     admission against interest by either party hereto.

          7.   The parties to this settlement agreement have
     had adequate time to reflect upon, consider and consult
     with legal counsel concerning the terms of this
     settlement agreement and have executed this settlement
     agreement voluntarily and free from improper influence or
     duress.

          8.   The parties hereto agree that, in construing
     this settlement agreement, no inference premised upon the
     origin of any language used herein shall be drawn.

          9.   This settlement agreement shall be binding upon
     the parties, their successors, and assigns.

          10.  The effective date of this settlement agreement
     shall be the latest date of execution by any signatory
     hereof.

                                 Decision

     Pursuant to Rule 136(e), the Board adopts the parties's
stipulation by decision.  The appeal is GRANTED.  Appellant is
awarded $500,000 inclusive of interest, which shall be paid in
accordance with 41 U.S.C.  612 (1994), with each party to bear its
own costs.  


                              _______________________________
                              ANTHONY S. BORWICK
                              Board Judge


We concur:


__________________________    _______________________________    
MARY ELLEN COSTER WILLIAMS    MARTHA H. DeGRAFF
Board Judge                   Board Judge