https://www.gao.gov/products/129522

B-222326: Apr 3, 1986

A firm protested the Army's rejection of its bid under a solicitation for roof repair services. The Army rejected the bid because the protester's bid bond was for less than 20 percent of its amended bid price. The protester contended that: (1) the Army failed to adequately revise its bid; and (2) its bid bond clearly manifested the surety's commitment to be liable for 20 percent of the bid price n...

https://www.gao.gov/products/457019

B-222326: Apr 3, 1986

BIDS - RESPONSIVENESS - EXCEPTIONS TAKEN TO INVITATION TERMS DIGEST: THE PROTESTER'S BID WAS PROPERLY REJECTED WHERE THE BID BOND WAS REQUIRED TO BE 20 PERCENT OF THE BID PRICE. STIPULATED THAT THE AMOUNT WAS NOT TO EXCEED A SPECIFIC AMOUNT WHICH WAS LESS THAN 20 PERCENT OF THE BID PRICE AND ALSO LESS THAN THE DIFFERENCE BETWEEN THE PROTESTER'S BID AND THE NEXT LOW ACCEPTABLE BID. THE BOND STIPULA...