B-176392: Oct 10, 1972

500 - WAS A RESPONSIBLE BIDDER WHOSE BID SHOULD NOT HAVE BEEN REJECTED. THE BOND ITSELF IS ENFORCEABLE AND THE BIDDER IS CONSIDERED TO HAVE TENDERED A VALID BID BOND. EXECUTED BY SURETIES THAT ARE JOINTLY AND SEVERALLY LIABLE IN A PENAL SUM SUFFICIENT TO SATISFY THE REQUIREMENTS OF THE SOLICITATION. BONDS - BID - SURETY REQUIREMENTS - AT LEAST TWO INDIVIDUAL SURETIES ABSENT THE SAFEGUARDS IN THE C...

B-176392: Oct 10, 1972

A company protested the rejection of its bid as nonresponsive for failure to comply with bid guarantee provisions of the solicitation to possess a certain net worth. The matter of the net worth of an individual surety does not relate to the responsiveness of a bid but to the responsibility of the surety. The protester's bid may be considered if a review discloses that the bid is, in fact, supporte...