B-206950.2:
May 6, 1982
A firm protested the rejection of its bid as nonresponsive for failing to provide an adequate bid guarantee as required by the invitation for bids (IFB). Accompanying the protester's bid was a letter from a local bank which offered to extend a letter of credit on behalf of the protester subject to its normal credit procedures. The agency rejected the protester's bid on the basis that its bid guara...