B-184620: Nov 11, 1975

WHERE PURCHASER BID ON MULTIPLE ITEMS OF SURPLUS ALUMINUM SCRAP AND UNSUCCESSFUL ITEM BIDS WERE IN LINE WITH MEDIAN BID AND CURRENT MARKET APPRAISAL. SUCCESSFUL BID ON SIMILAR ITEM WAS IN EXCESS OF FOUR TIMES THE NEXT HIGH BID AND MORE THAN FIVE TIMES THE CURRENT MARKET APPRAISAL. SINCE CONTRACTING OFFICER WAS ON CONSTRUCTIVE NOTICE OF POSSIBILITY OF MISTAKE AND FAILED TO VERIFY BID PRIOR TO AWARD...

B-184620: Nov 11, 1975

The agency requested concurrence in its determination that a sales contract should be rescinded due to a mistake in bid. The purchaser bid on several items, and the unsuccessful item bids were in line with the median bid and current market appraisal while the successful bid on a similar item was in excess of four times the next highest bid and more than five times the current market appraisal. The...