https://www.gao.gov/products/103274

B-189363: Aug 8, 1977

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...

https://www.gao.gov/products/461877

B-189363: Aug 8, 1977

AWARD OF SCRAP METAL TO PROTESTER ON SURPLUS PROPERTY SALE WAS PROPERLY LIMITED TO AMOUNT SUPPORTED BY PROTESTER'S BID BOND. ALTHOUGH EKCO WAS THE APPARENT HIGH BIDDER ON APPROXIMATELY $70. IT WAS DENIED THE AWARD OF ANY AMOUNT IN EXCESS OF ITS BID BOND. EKCO CONTENDS THAT IT IS BEING UNJUSTLY PENALIZED FOR THIS ERROR. WE HAVE BEEN ADVISED THAT THE SOLICITATION REQUIRED THE SUBMISSION OF A BID BON...