OPINION
INTRODUCTION
The trial of this government contract action was held in Washington, D.C., on March 10-18, 1997. Plaintiffs, Joseph W. Morris and 1120-24 Industrial Partnership, seek re-eision and restitution or, in the alternative, compensatory damages for the alleged breach of a written contract entered into with defendant to purchase a commercial property, comprised of a “garage/warehouse building” situated in the District of Columbia, from the United States Small Business Administration (SBA). The contract at issue was formed upon the SBA’s acceptance of Mr. Morris’ high bid for said property at a public auction of certain surplus government real estate. Pursuant to this purchase contract, the property was eventually conveyed by quitclaim deed from the SBA to 1120-24 Partnership, a Virginia General Partnership, in which Mr. Morris is a general partner.
In its Opinion of July 28, 1995, this court definitively ruled on two (2) of three (3) counts alleged in plaintiffs’ Amended Complaint. The only substantive issue with respect to liability remaining for decision before this court is whether defendant breached the implied obligation of good faith and fair dealing in connection with the sale of the aforementioned building to plaintiffs. In addition, the court also has before it the issue of damages to which plaintiffs are entitled as a result of this court’s holding, in its previous Opinion, that defendant breached the contract for failing to timely convey said property to plaintiffs.
This court is of the opinion that, premised on the evidence adduced at the trial on the merits, plaintiffs have failed to demonstrate by the requisite burden of proof that the defendant acted in bad faith, for the reasons hereinafter delineated. The court further finds, for the reasons given below, that plaintiffs are not entitled to any monetary damages for the Government’s failure to convey the property within the contractually-mandated time period.
FACTS1
The property at issue in this breach of contract action consists of a one-story and partial two-story “garage/warehouse building” located at 1120-24 Congress Street, N.E., Washington, D.C. Sometime prior to May 1990, Stern Chemical Co. pledged said property as collateral for an SBA loan. Richard DeFranco, president of Stem Chemical, was the owner of the Congress Street property. Ultimately, Stem Chemical defaulted on the loan, and the SBA foreclosed on the property. On May 9, 1990, a public foreclosure auction was held, at which the SBA, represented by its employee, Ms. Doris Rousey, bid on and purchased the Congress Street property for $100,000. Ms. Rousey was a loan specialist in the Portfolio Management Branch of the Finance and Investment Division in the SBA’s Washington District Office. In connection with her employment *11duties, Ms. Rousey was responsible for the liquidation, preservation, and protection of the Congress Street property.
Soon after its purchase, the SBA attempted to sell the property with the aid of a real estate agent. From May 25 to November 25, 1990, the Congress Street property was advertised for sale as an “auto body shop” and listed at a selling price of $263,500. However, no written offers to purchase were received. Subsequently, on or about April 25, 1991, the SBA entered into an agreement with the General Services Administration (GSA), pursuant to which the GSA agreed to publicly auction off said property on the SBA’s behalf. For purposes of the auction, the GSA prepared an Invitation to Bid Package, to provide relevant information to prospective bidders.
Included in the Bid Package was a brief, informative section entitled “Property Data.” In addition to containing a description of the Congress Street property, this section disclosed that the property was leased by oral agreement to a tenant who paid the SBA $1,000 per month rent and used the ground floor as an automobile repair garage. This section further revealed that several artists were using the second floor as a studio and paying $500 per month to the operator of the garage. Also, the Property Data materials advised prospective bidders that the ground floor tenant “has expressed an interest in continuing to rent the space,” although “[t]he agreement may be broken with 30 days written notice by either party.” JX 3 at 4. The name of the aforementioned ground floor tenant, with whom the SBA had an oral agreement, was Mr. Hopeton Anderson.
In August of 1991, the GSA advertised the Congress Street property, along with another commercial property (located nearby at 2040 West Virginia Ave., N.E.), for sale by public auction. After learning of the advertised property, plaintiff Joseph Morris contacted the GSA for further information and, in turn, was referred to Ms. Rousey. She sent Mr. Morris an Invitation to Bid Package. Included with said Bid Package was an application for financing, which Mr. Morris completed and submitted to the SBA on August 15, 1991. Following Ms. Rousey’s review of the applications for financing, Mr. Morris received an offer of 75% financing on the property at issue from the SBA in the event that he became the high bidder at auction.
Just prior to the auction, Mr. Morris inspected the Congress Street property, observing the auto repair business on the ground floor, and briefly meeting with Mr. Anderson. At that time, Mr. Morris discovered that certain tenants were using the upstairs space as a residence in violation of D.C. zoning regulations. He telephoned Ms. Rousey shortly thereafter to inform her of such, and she agreed to correct the violation.
Despite feeling “very uneasy” about the apparent zoning violation, Mr. Morris attended the auction on August 22, 1991, feeling sufficiently secure, given Ms. Rousey’s oral assurances that the zoning violation would be remedied. At the auction, Mr. Morris succeeded in becoming the high bidder for the Congress Street property, with a bid of $195,000. Ms. Rousey, that same day, sent a letter to Mr. Morris confirming the Government’s acceptance of his bid and informing him that the tenant, Mr. Anderson, had been asked to have the upstairs subtenants vacate the premises. Later, on August 29, 1991, Ms. Rousey wrote to Mr. Anderson, at Mr. Morris’ request, asking him to vacate the premises by September 30,1991. Ms. Rous-ey also forwarded a copy of this “notice to quit” to Mr. Morris. Tr. 469; DX 26 at 1.
Pursuant to the “General Terms of Sale” contained in the Bid Package, the Government’s acceptance of Mr. Morris’ bid formed an agreement for the sale of the property between plaintiff and the Government. Included in this written contract were the following documents/provisions: the “Instructions to Bidders,” the “General Terms of Sale,” the “Special Terms of Sale,” the provisions of the “Bid Form” filled out by plaintiff, and a sheet of “Corrections” (collectively “the contract”). The Property Data section, containing the information about the aforementioned tenant and subtenants, was not included as part of the contract.
The contract contained several provisions of note, including certain explicit disclaimers. *12First, the Instructions to Bidders provided that the GSA would “answer requests for additional information concerning the property offered to facilitate preparation of bids.” JX 3 at 9. Second, under the contract, “[n]o oral ... representations made by, or for, or on behalf of either party shall be a part of such contract ... without [the] consent of the Government____” JX 3 at 7. Third, the General Terms of sale provided further that the information set forth in property descriptions contained in the Bid Package was “based on information available ... [and] believed to be correct, but any error or omission ... shall not constitute ground or reason for nonperformance of the contract of sale, or claim by purchaser for allowance, refund, or deduction from the purchase price.” Id. Fourth, the property was sold “‘as is’ and ‘where is’ without representation, warranty, or guaran-ty____” Id. Lastly, settlement was to occur no later than fifteen (15) days after the Government’s acceptance of the bid.
Pursuant to the terms of the contract, settlement on the Congress Street property was scheduled for September 6, 1991. In preparation for the required settlement, Mr. Morris contacted Mr. Steven Prestegard at Congressional Title and Escrow Co., Inc. to serve as his settlement agent. Upon conducting a title search, Congressional discovered several outstanding liens on the property, which had to be paid or released before Congressional could proceed with settlement. After some time and apparently some dispute, the SBA finally obtained the release of said liens, and closing of the sale of the Congress Street property took place on November 25,1991.
At the settlement, Mr. Morris asked that the tenant’s, i.e., Mr. Anderson’s, November rent be prorated between the buyer and the seller. Ms. Rousey responded that he had not paid rent in November and, therefore, there were no funds to prorate. After Mr. Morris insisted on being compensated, Ms. Rousey offered him a $2,000 credit on the purchase price of the property, which he accepted. The parties then settled and closed the sale, and the property was conveyed by quitclaim deed to 1120-24 Industrial Partnership, a Virginia General Partnership, in which Mr. Morris was a general partner. In addition, after the relevant documents had been signed, plaintiffs requested that Ms. Rousey furnish Mr. Morris with Mr. Anderson’s payment record. The next day, on November 26, 1991, Ms. Rousey sent the requested payment record to the plaintiffs. This document revealed that Mr. Anderson had not paid rent for any month since July 1991, but was fully paid up through that month. Said document further reminded plaintiffs that Ms. Rousey had sent a letter to Mr. Anderson, as requested by Mr. Morris, to vacate the premises by September 30, 1991.
Upon his subsequent visit to the premises, Mr. Morris met with Mr. Anderson and entered into an oral agreement. Pursuant to said agreement, Mr. Morris leased the smaller garage at Congress Street to Mr. Anderson for $700 per month. The first payment was due on December 1, 1991. Around this time, Mr. Morris also met Mr. Tony Campbell and discovered that Mr. Anderson had been subletting two-thirds of the ground floor garage space to Mr. Campbell. Evidently, Mr. Campbell operated the automobile repair business in the larger garage, while Mr. Anderson operated the auto body business in the smaller garage at 1120-24 Congress Street. Further, Mr. Campbell, apparently fearing that he would be evicted, revealed to Mr. Morris that he had entered into an oral agreement to lease new garage space next door at 1116 Congress Street. As a consequence, Mr. Campbell left his former location at 1120-24 Congress Street at the end of November 1991.
After giving Mr. Anderson an opportunity to pay the rent, plaintiffs brought an action against him in the Landlord and Tenant Court of the District of Columbia. Mr. Anderson eventually left in late December 1991 owing rent. Since that time, plaintiffs have had some success in finding new tenants for the property.
Suit was filed in this court on August 31, 1992, seeking recision of the contract, restitution of the contract price, or, in the alternative, compensatory money damages. In their Amended Complaint, filed on March 19,1993, plaintiffs premised their entitlement to relief *13on defendant’s alleged misrepresentation, mistake of fact, and failure to disclose superi- or knowledge with respect to the payment history of the property’s primary tenant, Mr. Anderson (Count I), and defendant’s alleged breach of good faith and fair dealing in failing to reveal and concealing the nonpayment of said tenant’s rent until after closing (Count III). In addition, plaintiffs sought money damages for lost rental income caused by defendant’s alleged failure to convey the property within the contractually-mandated time period and defendant’s mismanagement of the property between the time of the auction and closing (Count II).
In its Opinion of July 28, 1995, addressing defendant’s motion to dismiss and the parties’ cross-motions for summary judgment, this court definitively ruled upon the substantive issues presented in Counts I and II of plaintiffs’ Amended Complaint. More specifically, plaintiffs’ claim premised on misrepresentation, mistake of fact, and superior knowledge (Count I) and plaintiffs allegation of mismanagement (Count II) were dismissed for failure to state a claim upon which relief may be granted. The court granted plaintiffs’ cross-motion for summary judgment with respect to their claim that defendant breached the contract at issue for failing to timely convey said property (Count II). Lastly, the court denied the parties’ cross-motions for summary judgment with respect to defendant’s alleged breach of good faith (Count III), finding the existence of genuine issues of material fact. Thus, the only issues remaining for trial were Count II as to the issue of damages and Count III on the substantive issue.
DISCUSSION
The court shall first address whether defendant breached its obligation of good faith and fair dealing (Count III).2 Upon resolution of said issue, the court shall then determine the money damages, if any, to which plaintiffs are entitled as a result of this court’s holding that defendant breached the contract at issue by failing to convey the property within the contractually-mandated time (Count II).
I. Liability — Implied Obligation of Good Faith and Fair Dealing (Count III)
A. Contentions
The underlying theory of plaintiffs’ claim is that, at the time the contract for the purchase of the property was entered into, Ms. Rousey knew that the information in the Bid Package pertaining to the tenant, Mr. Anderson, was misleading, in that it failed to convey that said tenant was unreliable and delinquent in his rent. More specifically, plaintiffs contend that Mr. Morris pointedly revealed to Ms. Rousey that his interest in the Congress Street property stemmed solely from the fact that it housed a tenant, i.e., Mr. Anderson. Accordingly, aver plaintiffs, Mr. Morris sought additional information regarding Mr. Anderson. To that end, assert plaintiffs, Mr. Moms specifically asked Ms. Rous-ey whether Mr. Anderson was reliable in the payment of his rent. Deceptively, Ms. Rous-ey, allege plaintiffs, responded in the affirmative, despite her knowledge to the contrary. Plaintiffs argue that Ms. Rousey continued with this deception up until the date of settlement, at which time she indicated that the tenant was only one month behind in his rent, when she in fact knew Mr. Anderson *14had not paid rent for the previous four months, i.e., August to November, 1991. To the extent that defendant acted with said knowledge, intending to induce a settlement knowing full well that Mr. Morris relied on representations made with respect to Mr. Anderson’s payment history and reliability, plaintiffs proclaim that such bad faith conduct demands recovery notwithstanding the existence of broad disclaimers in the contract at issue.
Conversely, for its part, defendant has consistently and strenuously maintained that plaintiffs have failed to produce the well-nigh irrefragable proof necessary to overcome the presumption that Government officials act in good faith. Rather, claims defendant, Ms. Rousey acted in good faith, taking appropriate steps in furtherance of procuring a settlement and transferring ownership to plaintiffs. Ms. Rousey, argues defendant, never conveyed to plaintiffs that Mr. Anderson was reliable or paid his rent on time. In fact, asserts defendant, Ms. Rousey was not fully aware of the extent of Mr. Anderson’s delinquency until after she composed the listing of his rental payments, as per Mr. Morris’ request at settlement. Lastly, defendant cites to the broad disclaimers of the contract to support its contention that the parties were on notice that the information contained in the Bid Package regarding Mr. Anderson was based upon information then available to the Government and believed to be correct, and that any error or omission made by the Government did not constitute grounds for nonperformance of the contract for sale. Accordingly, argues defendant, “pursuant to the terms of the contract for sale of the real estate, there were no, obligations upon the Government to convey the property with the current tenant or with any tenant who was faithfully paying rent.”3 Thus, defendant concludes that plaintiffs have failed to demonstrate that Ms. Rousey acted in bad faith.4
B. Plaintiffs ’ Burden
The “obligation of good faith dealing is implied in every contract with the government.” Morris, 33 Fed.Cl. at 751 (citing Asco-Falcon II Shipping Co. v. United States, 18 Cl.Ct. 484, 491-92 (1989)). As a general proposition, “findings that public officials have acted with an intent sufficient to constitute bad faith are relatively few.” Gregory Lumber Co. v. United States, 11 Cl.Ct. 489, 501 (1986), affd, 831 F.2d 305 (Fed.Cir.1987), cert, denied, 484 U.S. 1061, 108 S.Ct. 1016, 98 L.Ed.2d 982 (1988) (citations omitted). However, this is not surprising given “the long-accepted presumption that public officials act in good faith, and with integrity in the performance of their duties.” Id. Moreover, mere bland inferences or unsubstantiated speculation are not enough to induce this court to abandon this rebuttable presumption. Id.; Continental Collection & Disposal, Inc. v. United States, 29 Fed.Cl. 644, 652 (1993). Rather, the level of proof required to overcome said presumption has been described as “well-nigh irrefragable,” 5 which in turn has been equated *15with “evidence of some specific intent to injure the plaintiff.” Gregory Lumber, 11 Cl. Ct. at 501; Morris, 33 Fed.Cl. at 751; Kalvar Corp. v. United States, 543 F.2d 1298, 1301-02, 211 Ct.Cl. 192 (1976), cert, denied, 434 U.S. 830, 98 S.Ct. 112, 54 L.Ed.2d 89 (1977); Continental, 29 Fed.Cl. at 652. Accordingly, a plaintiff must present “clear and strong proof of specific acts of bad faith,” demonstrating that a Government official acted with malice or a specific intent to injure the plaintiff. Morris, 33 Fed.Cl. at 752 (emphasis added) (citing Torncello v. United States, 681 F.2d 756, 771, 231 Ct.Cl. 20 (1982); Continental, 29 Fed.Cl. at 652).
In its Opinion of July 28, 1995, this court found that plaintiffs could meet this difficult burden and overcome the presumption afforded Government officials if it was shown that Ms. Rousey intentionally deceived plaintiffs and concealed from them the fact that Mr. Anderson had not paid any rent since July 1991. See Monis, 33 Fed.Cl. at 753. However, we further noted that, if Ms. Rous-ey did not, in fact, know the extent of Mr. Anderson’s delinquency, then she did not act in bad faith. See id. Thus, the factual issues before this court are to determine— “what did Ms. Rousey know, when did she know it, and what did she say concerning the tenant’s payment of rent (or lack thereof) both before and after settlement.” Id.
C. Analysis
At the outset, we note that the credibility of the witnesses is crucial to this case.
This is so particularly because the key witnesses, Mr. Morris and Ms. Rousey, present conflicting testimony as to certain operative facts alleged to have transpired between themselves in connection with the sale and purchase of the Congress Street property. Furthermore, plaintiffs’ case relies heavily on the testimony of Mr. Morris,6 but very little, if any, corroborative evidence was proffered to support his allegations. Moreover, for the reasons discussed infra, the court is constrained to find that Mr. Monis was less than credible and, as a consequence, we totally discount his uncorroborated testimony. Thus, on this record, plaintiffs have failed to demonstrate, by the requisite burden of proof, that Ms. Rousey acted in bad faith. Accordingly, for the following reasons, we dismiss Count III of plaintiffs’ complaint and any claim for relief or damages related thereto.
Cognizant of plaintiffs’ heavy burden, as discussed supra, we initiate our analysis by examining Ms. Rousey’s relationship with Mr. Anderson, the tenant of the Congress Street property, and determining from the established facts what she knew with respect to his payment status. Thereafter, we will examine the record to determine what representations, if any, Ms. Rousey made concerning Mr. Anderson’s payment history.
1. Ms. Rousey’s dealings with Mr. Anderson
Plaintiffs contend that Ms. Rousey was “aware of the status of Mr. Anderson’s rent at all times.” Pis. Post Tr. Br. at 24. The *16court cannot find any support for such a contention, because the record made suggests quite the opposite, i.e., that Ms. Rousey was not fully cognizant of Mr. Anderson’s payment history at any given time relevant to the issue at bar.
As stated supra, on May 9, 1990, a public foreclosure auction was held at which Ms. Rousey, acting on behalf of the SBA, successfully bid on the Congress Street property, which was previously owned by Mr. Richard DeFranco. At or about that time, she also negotiated an oral agreement to lease the property to Mr. Anderson, who had previously been leasing the same premises from Mr. DeFranco. Ms. Rousey entered into said agreement primarily as a means of protecting the property. More specifically, she testified that Mr. Anderson “was basically there to keep the property from being vandalized---- If we got [the rent], we were very happy. It was that kind of a deal.” Tr. 344. Pursuant to the terms of their oral agreement, Mr. Anderson paid the SBA $500 for May 1990 and $1,000 per month thereafter. Moreover, because Mr. DeFranco had informed her that Mr. Anderson “was not a very good rent payer” (Tr. 240), Ms. Rousey did not accept any personal checks from him. Rather, she insisted on payment by money order or certified check. Lastly, according to their oral agreement, Mr. Anderson’s rent was due monthly, but not on any specific date.
Ms. Rousey personally received and recorded all payments submitted by Mr. Anderson. Initially, she regularly checked to see if Mr. Anderson was current with his rent. However, Ms. Rousey testified that— as time passed, her “work flow became too phenomenal” because she did not have the benefit of an assistant to carry out certain clerical chores (Tr. 349, 369-70), and, as a consequence, when she received certain checks, she was not always aware as to which month said payments applied (Tr. 369).
Nonetheless, according to Ms. Rousey, when she had some “leisure time,” she called Mr. Anderson, on two or three separate occasions, after the receipt of a partial payment to remind him that the SBA was waiting for the remainder owed for that month. Apparently, Ms. Rousey formed an opinion that Mr. Anderson was unreliable, inasmuch as she had to call him to remind him that his rent was due.7 Notwithstanding Ms. Rousey’s personal assessment of Mr. Anderson, the record readily reveals that Mr. Anderson was current, i.e., not delinquent, from May 1990 to June 1991, given that there was no stipulated date for payment of the rent.
As the date for the public auction of the Congress Street property approached, Ms. Rousey testified that she paid even less attention to the collection of Mr. Anderson’s rent, as that was neither her primary concern nor her primary job. The evidence adduced at trial leads the court to the same conclusion. Specifically, on July 23, 1991, Ms. Rousey received a $500 check, dated July 17,1991, from Mr. Anderson. Attached with said cheek was a note stating: “I will mail the balance in three days. Thank you for waiting.” PX 8. According to Ms. Rousey, Mr. Anderson presumably sent this note because she did not call him about the rent and he wanted to let her know that the remainder would be paid shortly. As it turns out, Mr. Anderson did not pay -within the three days as promised, nor did he pay the rent in August or September. Yet, it appears that Ms. Rousey did not call or otherwise contact Mr. Anderson at anytime after the receipt of the partial payment in July to *17discuss, inquire about, or request the rent owed. Finally, on October 3, 1991, Ms. Rousey received a check from Mr. Anderson for $500, apparently representing the remainder owed for the month of July. Yet again, besides merely recording its receipt, there is no indication on this record that Ms. Rousey contacted Mr. Anderson about the rent, or even made an effort to determine the status of his rent payments.8
In light of the foregoing, it is evident that Ms. Rousey did not diligently enforce her oral agreement to lease the Congress Street property to Mr. Anderson. Whether she failed to stay abreast of Mr. Anderson’s payment history because she either did not have the time or it was simply not her primary concern is irrelevant for purposes of the issue at bar. What is pertinent, however, is our finding that Ms. Rousey was not at all mindful of Mr. Anderson’s payment history, and plaintiffs have offered no strong evidence to the contrary. Therefore, plaintiffs have failed to adduce sufficient evidence to show that Ms. Rousey was at all times fully cognizant of Mr. Anderson’s payment of rent, or lack thereof.
Having determined what Ms. Rousey knew, we now turn our attention to the alleged representations Ms. Rousey made to Mr. Morris regarding Mr. Anderson.
2. Ms. Rousey’s dealings with Mr. Morris
Plaintiffs argue that Ms. Rousey failed to reveal, and concealed from them, Mr. Anderson’s payment history. On this record, we find that there are essentially three (3)9 alleged conversations which took *18place between Ms. Rousey and Mr. Morris that pertained to Mr. Anderson’s payment of rent.
The first conversation Mr. Morris alleges to have had with Ms. Rousey occurred just prior to the auction for the Congress Street property. As discussed supra, sometime in August 1991, Mr. Morris learned of the public auction for certain surplus government real estate. Thereafter, he contacted the GSA for additional information and was referred to Ms. Rousey. Ms. Rousey, in turn, sent him an Invitation to Bid Package, which included an application for financing.
Mr. Morris avers that he personally delivered his completed application on August 15, 1991, to Ms. Rousey, at which time they had a brief meeting. He testified that at said meeting he expressed his interest in the property and the tenant, and inquired of Ms. Rousey whether Mr. Anderson “pa[id] his rent on time with some regularity” (Tr. 977)10 or “pa[id] his rent according to [her] terms” (Tr. 974). Additionally, according to Mr. Morris, he indicated that he was looking for a tenant with “some standing of a record,” and asked Ms. Rousey whether, “if [she] were in [his] shoes,” Mr. Anderson was the “kind of tenant” she would want. Ms. Rousey, asserts plaintiffs, responded in the affirmative to all these questions. Tr. 975-76.
Conversely, Ms. Rousey warmly testified that she did not meet with Mr. Morris to receive his application. She further declares that she also did not represent that Mr. Anderson paid rent promptly, that he was a reliable tenant, or paid rent as agreed.
In light of the conflicting testimony and plaintiffs’ utter failure to proffer any corroborating evidence, this court must make a factual determination as to whether or not the aforementioned conversation took place based upon Mr. Morris’ credibility. In so doing, we take into consideration several factors. First, we note that Mr. Morris’ memory of the event at issue is suspect, because he testified that he “can’t remember exactly” what queries he posed to Ms. Rousey. Tr. 974.11 As a result, even if we were to accept his testimony, the record made leaves the court to speculate about the precise questions posed to Ms. Rousey. Second, and more important to the court’s assessment of Mr. Morris’ credibility, was the revelation of specific instances of duplicitous behavior carried out by Mr. Morris.12 Such conduct, of *19course, brings Mr. Morris’ veracity into serious question. Finally, such behavior, coupled with the court’s observations of Mr. Morris’ demeanor, compels us to find that Mr. Morris was a less than credible witness. Accordingly, the court totally discounts his testimony as to the conversation he allegedly had with Ms. Rousey on August 15,1991, and does not take it into consideration for purposes of resolving the issue at bar.13
Next, plaintiffs allege that a second conversation regarding Mr. Anderson occurred in late October 1991. As set forth above, the parties initially agreed that settlement would take place on September 6, 1991. In the course of preparing for settlement, Mr. Morris contacted Mr. Prestegard of Congressional Title and Escrow Co., to act as his settlement agent. However, upon conducting a title search, Mr. Prestegard notified Mr. Morris, who in turn informed Ms. Rousey, that there were several outstanding liens on the property and an unreleased deed of trust. Settlement apparently could not take place until Ms. Rousey paid or obtained the release of these encumbrances on the property’s title. While Ms. Rousey took some steps to *20remedy the problems, it appears that there was some dispute as to whether the SBA was liable for the liens. Ultimately, Mr. Morris’ attorney sent a letter dated October 21,1991, to Mr. Jon Haitsuka, counsel for the SBA. The letter states that: “If ... these matters are not resolved to the satisfaction of Congressional Title Company by November 1, my client[, i.e., Mr. Morris] ... has directed me to demand the prompt return of his deposit....” JX5.
Shortly thereafter, on or about October 25, 1991, Mr. Morris claims he received a call from Ms. Rousey requesting that they continue with settlement. Mr. Morris apparently expressed to her his concern about Mr. Anderson. Specifically, he testified as follows:
I said Ms. Rousey, ... [w]hat is the story with the tenant? Is he still paying his rent, does he still want to stay? I said, does he understand that we’re having problems with the settlement and that we’re trying to go ahead? She said yes, he’s paying and he wants to stay, but she said, don’t stop the settlement.
Tr. 1025-26. Again, Mr. Morris did not offer any, corroborating evidence to support his hospitable testimony. In addition, we note that even the aforementioned letter to Mr. Haitsuka curiously made no mention of his interest in or apprehension about Mr. Anderson, although the tenant, according to plaintiffs, was of paramount importance to Mr. Morris.14 Furthermore, Ms. Rousey maintains that she never represented to Mr. Morris that Mr. Anderson was paying his rent on time. As discussed supra, the court, having found Mr. Morris to be a less than credible witness, given his demeanor and the ventilation of conduct which calls his veracity into question, totally discounts his uncorroborated and self-serving testimony. As a consequence, the court is constrained to discredit his testimony regarding said discussion for purposes of determining whether Ms. Rousey acted in bad faith.15
Finally, the last conversation upon which plaintiffs rely to support their contention that Ms. Rousey deceived them with respect to Mr. Anderson’s payment history occurred at the settlement of the Congress Street property on November 25,1991. The following were present at the settlement: Mr. Morris, Mrs. Morris (plaintiffs’ counsel), Mr. Prestegard of Congressional Title Co. (settlement agent for Mr. Morris), Ms. Rousey, and Mr. Shalloway (SBA attorney). It seems that just as they were “getting ready to sign” the documents, either Mr. Morris or Mrs. Morris requested that the November rent be prorated between the SBA and plaintiffs. In response to their request, Ms. Rousey replied to the effect that there was no rent paid in November and, consequently, no funds to prorate.
According to Mr. Morris, when questioned why there was no rent for November, Ms. Rousey replied that Mr. Anderson had a big family and some problems. Mr. Morris further testified that he then asked Ms. Rousey when Mr. Anderson stopped paying his rent, to which she “either said [that] he stopped paying his rent in October or he stopped paying in October.” Tr. 1033. While Ms. Rousey, conversely, testified that she did not say anything regarding receiving rent from Mr. Anderson in or for October, the court also has before it Mr. Prestegard’s testimony, which appears to support to some extent Mr. Morris’ account of what was said. However, the court cautiously notes that Mr. Prestegard acknowledged that his memory with respect to the totality of the conversa*21tion is suspect.16 Nevertheless, given that there is some corroboration of Mr. Morris’ testimony, we look to see if Ms. Rousey’s response indicating that Mr. Anderson stopped paying in October is deceptive, given the entire record before us.
Initially, we note that Mr. Morris’ interpretation of Ms. Rousey’s reply is irrelevant, because it is Ms. Rousey’s intent which is germane for purposes of determining whether she acted in bad faith. As discussed supra, we find that Ms. Rousey was not at all times cognizant of Mr. Anderson’s payment of rent, or lack thereof. At the time of settlement, Ms. Rousey was aware that Mr. Anderson was delinquent, and disclosed such by informing Mr. Morris that there was no November rent to prorate. It appears that she knew that no November rent had been paid because she could not recall receiving a “payment in ... hand” for that month. Tr. 382. However, as stated supra, the record reveals that Ms. Rousey received a payment “in hand” in October. PX 8. Thus, technically Mr. Anderson did, in fact, stop paying rent in October. If that was Ms. Rousey’s best recollection at settlement, her response could hardly be considered deceitful. Furthermore, we note that she did not specifically indicate that Mr. Anderson was current as of October, presumably because she did not know. In that regard, we find that Mr. Shalloway’s testimony, ie., the SBA’s attorney at settlement, is particularly probative. Specifically, he testified that neither he nor Ms. Rousey were aware of the extent of Mr. Anderson’s delinquency, because they did not have the relevant rental records with them at settlement. Therefore, because Ms. Rousey did not, in fact, know the extent of the delinquency, she did not deceive plaintiffs, or otherwise act in bad faith.
In sum, upon a careful review of the record before us, we find that plaintiffs have presented to this court mere inferences and speculation, which is not enough to prove, by a preponderance, that the Government breached its obligation of good faith, let alone overcome the well-established “well-nigh irrefragable” presumption afforded Government officials. Kalvar Corp., 543 F.2d at 1301-02 We take into serious, consideration our finding that Ms. Rousey did not diligently stay abreast of Mr. Anderson’s payment of rent and, as a result, was not at all times aware of the extent of his delinquency. Furthermore, while plaintiffs would have this court believe that Ms. Rousey represented that Mr. Anderson was a “strong, solid, rent paying tenant,”17 we emphasize that plaintiffs have utterly failed to support such a contention. Mr. Morris, even assuming, arguendo, that the court takes into account his uncorroborated testimony, never pointedly asked as much. Instead, Mr. Morris testified that he was merely looking for a tenant with “some standing of a record.” Lastly, the facts at bar do not demonstrate that Ms. Rousey concealed Mr. Anderson’s payment history from Mr. Morris. In that connection, we take into account that Mi'. Morris never made any request for the rental records until after settlement. When Mr. Morris made such a request, Ms. Rousey promptly responded and explicitly disclosed the extent of Mr. Anderson’s delinquency. There is no reason for the court to believe that she would not have been as forthcoming had Mr. Morris made an earlier request for such documents.18 Therefore, in light of all the foregoing, we hold that Ms. Rousey did not breach her obligation of good faith and fair dealing.19
*22Having resolved the issue presented in Count III of plaintiffs’ Amended Complaint, we now turn to examine the last remaining issue before this court — the issue of damages with respect to Count II.
II. Damages — Failure to Timely Convey (Count II)
This court, in its Opinion of July 28, 1995, granted plaintiffs’ cross-motion for summary judgment as to Count II of their Amended Compliant, holding that the Government breached the contract at issue by failing to convey the Congress Street property within the contractually-mandated time period.20 Accordingly, having established the Government’s liability with respect to Count II, we now turn to address plaintiffs’ claim for lost rental profits occasioned by defendant’s breach.21
Here, plaintiffs contend that but for the Government’s failure to timely convey the Congress Street property as required, they would have leased the premises to Mr. Tony Campbell, who at that time was one of Mr. Anderson’s sub-tenants. Mr. Campbell, assert plaintiffs, was waiting through September, October, and mid-November to negotiate a lease with the new owner of the Congress Street property, i.e., Mr. Morris. However, plaintiffs contend that as time passed Mr. Campbell became fearful that he would be evicted and, as a result, by November 25, 1991, ie., the settlement date, Mr. Campbell had already entered into an agreement to lease certain other premises at 1116 Congress Street and was in the process of moving once Mr. Morris finally met him. Lastly, Mr. Campbell, aver plaintiffs, has continuously leased space at 1116 Congress Street from December 1991 to the date of this trial, i.e., March 1997. Accordingly, conclude plaintiffs, they are entitled to $78,000 representing, inter alia, the rental income that they would have realized, and additional costs that they would not have incurred, had *23they leased the property to Mr. Campbell. For the reasons hereinafter, we do not agree.
In breach-of-eontract cases, the general rule at common law is to “award damages that will place the injured party in as good a position as he or she would have been in had the breaching party fully performed.” Wells Fargo Bank N.A. v. United States, 88 F.3d 1012, 1021 (Fed.Cir.1996) (quoting Estate of Berg v. United States, 231 Ct.Cl. 466, 687 F.2d 377, 379 (1982)), cert. denied, — U.S. -, 117 S.Ct. 1246, 137 L.Ed.2d 328 (1997). Yet, “remote and consequential damages are not recoverable in a common-law suit for breach of contract ... especially ... in suits against the United States ... for the recovery of common-law damages, such as the instant case.” Id. (quoting Northern Helex Co. v. United States, 207 Ct.Cl. 862, 524 F.2d 707, 713, 720 (1975), cert, denied, 429 U.S. 866, 97 S.Ct. 176, 50 L.Ed.2d 146 (1976)).
Recovery for lost profits is a recognized measure of damages. See Neely v. United States, 152 Ct.Cl. 137, 147, 285 F.2d 438 (1961). However, “[o]ur predecessor court, the Court of Claims repeatedly refused to award damages for profits lost on transaction not directly related to contract that was breached.” See Wells Fargo, 88 F.3d at 1022 (citing Roberts v. United States, 18 Cl.Ct. 351, 358 (1989)). This is so because, as a general proposition, “the fact that there would have been a profit had there been no breach is too shrouded in uncertainty for loss of anticipated profits to form a reliable measure of damages suffered.” Neely, 152 Ct.Cl. at 147, 285 F.2d 438. It is also recognized that “not every injury resulting from a breach of contract is remedial in damages.” Wells Fargo, 88 F.3d at 1022.
Given the record, it is clear that Mr. Morris first met Mr. Campbell shortly after settlement, at which time Mr. Campbell was in the process of moving out of the larger garage at 1120-24 Congress Street. Around that time, Mr. Morris discovered that Mr. Anderson had sub-let the larger garage to Mr. Campbell, who operated an automobile repair shop. Apparently, pursuant,to their agreement, Mr. Campbell was paying Mr. Anderson $700 per month for the use of said premises.
Moreover, it seems that, after the auction, Mr. Campbell sought to negotiate a lease agreement with the new owner, rather than to continue sub-letting from Mr. Anderson. To that end, he repeatedly questioned Mr. Anderson to determine who the new owner was, but Mr. Anderson refused to tell him.22 Furthermore, much to Mr. Campbell’s dismay, while he was patiently waiting for the new owner to visit the premises, “no one came.” Tr. 93. For some reason, as time passed, Mr. Campbell began to fear that he would be evicted from the premises, and possibly lose his tools and equipment. As a consequence, having waited since late August 1991, Mr. Campbell decided on or about November 15,1991, to move to another location. Ultimately, he entered into an oral agreement to lease a garage at 1116 Congress Street for $1,150 per month beginning in December 1991. He has continuously leased said garage at 1116 Congress Street, for $1,150 per month, from December 1991 to the date of this trial, March 1997.
In addition, the evidence adduced at trial reveals that Mr. Morris has never entered into any agreement nor pursued any negotiations with Mr. Campbell to lease the space at 1120-24 Congress Street. At most, Mr. Morris has made it known to Mr. Campbell that he is “welcome” to return to his old premises. However, despite Mr. Morris’ warm offer, Mr. Campbell has rented, and continues to rent, space at 1116 Congress Street, although apparently if he “g[o]t a better deal” he would move. Tr. 96.
On these largely uncontroverted facts, plaintiffs would have the court find that they are entitled to lost profits of $78,000 for a delay of approximately two and one-half months, principally based upon Mr. Campbell’s testimony that he wanted to stay. That is not enough. We find that plaintiffs’ claim for lost rental income is wholly conjectural and highly speculative. The lost profits sought relate not to the particular contract at *24issue here, but to a prospective collateral contract that plaintiffs had not yet entered into and allege they would have, but for the Government’s breach. The following analysis set forth by our predecessor court, and recently embraced by the Federal Circuit, readily resolves the issue at bar:
[T]here is a distinction by which all questions of this sort can be easily tested. If the profits are such as would have accrued and grown out of the contract itself, as the direct and immediate results of its fulfillment. then they would form a just and proper item of damages, to be recovered against the delinquent party upon a breach of the agreement. These are part and parcel of the contract itself, and must have been in the contemplation of the parties when the agreement was entered into. But if they are such as would have been realized by the party from other independent and collateral undertakings, although entered into in consequence and on the faith of the principal contract, then they are too uncertain and too remote to be taken into consideration as a part of the damages occasioned by the breach of the contract in suit.
Ramsey v. United States, 121 Ct.Cl. 426,435, 101 F.Supp. 353, 357-58 (1951) (emphasis added), cert, denied, 343 U.S. 977, 72 S.Ct. 1072, 96 L.Ed. 1369 (1952); Wells Fargo, 88 F.3d at 1023. The foregoing “test,” when applied to the facts in the instant case, is fatal thereto and, therefore, disposes of plaintiffs’ claim.
Unquestionably, the contract entered into between plaintiffs and the Government was solely for the sale of a garage/warehouse building, “as is” and “where is.” The Government was clearly not selling any leases related thereto, and Mr. Morris admits as much. Moreover, the alleged lost rental income, which plaintiffs now seek, is income that would have been realized only upon entering into an “independent and collateral” agreement with Mr. Campbell. Moreover, it is probative that Mr. Morris did not even consider entering into a lease agreement with Mr. Campbell until sometime after settlement, for that is the first time he encountered Mr. Campbell. It is clear beyond cavil, therefore, that the loss of Mr. Campbell’s rental income was not within the contemplation of the parties at the time the contract was formed and would not have been damages reasonably foreseeable by the defendant. See Rocky Mountain Constr. Co. v. United States, 218 Ct.Cl. 665, 666, 1978 WL 8468 (1978).23 Lastly, we also take into consideration that, on this record, there is no compelling evidence to indicate that, even if the Government had promptly conveyed the property to plaintiffs, Mr. Campbell would have entered into a lease agreement with Mr. Morris at that time, let alone remain a tenant for six years. In that regard, we take into account Mr. Campbell’s testimony that, while he feels “welcome” to lease his former premises, he has not, to this day, chosen to do so. Tr. 135. Thus, although said agreement was premised on the “faith of the principal contract,” i.e., the sale of the Congress Street property, they are too remote and uncertain and, accordingly, are not compensable.
CONCLUSION
In view of the foregoing, plaintiffs’ claim with respect to Count III of the Amended Compliant is hereby dismissed, as are any and all claims for relief or damages related thereto. Further, we find that plaintiffs are not entitled to any compensatory damages *25for defendant’s failure to timely convey title to the property at issue, ie., Count II. The Clerk shall enter judgment consistent with the above and also with this court’s Opinion of July 28,1995. No costs.24
IT IS SO ORDERED.