Protest against Award of Certain Quantities of Scrap Metals

The protester objected to the award to another bidder of certain quantities of scrap metals under a surplus sale contract, alleging that their insurance carrier erroneously issued a bond for $50,000 total bid coverage instead of $50,000 deposit coverage incident to this sale. Although they were the high bidder, the protester was denied the award of any amount in excess of their bid bond. The award of scrap metal to the protester was properly limited to the amount supported by the protester's bid bond.