https://www.gao.gov/products/442231

B-185959: Apr 16, 1976

CONTRACTOR WHOSE BID WAS 50 PERCENT BELOW NEXT LOW BID AND 45 PERCENT BELOW GOVERNMENT ESTIMATE MAY HAVE CONTRACT RESCINDED SINCE NO VALID AND BINDING CONTRACT IS CONSUMMATED WHERE CONTRACTING OFFICER KNEW OR SHOULD HAVE KNOWN OF ERROR AND NEGLECTED TO VERIFY BID IN ACCORDANCE WITH ASPR SEC. 2-406.1. BIDS WERE OPENED FOR DITCH CONSTRUCTION AND WORK ON WET AND SOFT TERRAIN AT PENNS NECK DISPOSAL AR...

https://www.gao.gov/products/099052

B-185959: Apr 16, 1976

A contract awardee alleged a mistake in its bid and requested rescission of the contract. The contracting officer failed to verify the low bid, which was 50 percent less than the next low bid, and should have been on constructive notice of a possible mistake in the bid. The contract may be rescinded...