B-224222: Jan 23, 1987

A firm protested the Navy's rejection of its bid for painting as nonresponsive, contending that the Navy: (1) improperly calculated its individual sureties' potential liability under other outstanding bonds; (2) incorrectly regarded the sureties as remaining obligated under the bonds during the warranty period following contract completion; and (3) incorrectly determined that it was nonresponsive,...

B-224222: Jan 23, 1987

THE CONTRACTING AGENCY IMPROPERLY REJECTED THE PROTESTER'S BID AS NONRESPONSIVE WHERE INDIVIDUAL SURETIES' NET WORTH WERE INSUFFICIENT TO COVER THE PENAL AMOUNT OF REQUIRED BONDS. TA'S BID WAS REJECTED AS NONRESPONSIVE UPON THE CONTRACTING OFFICER'S DETERMINATION THAT TA HAD FAILED TO PROVIDE RESPONSIBLE INDIVIDUAL SURETIES SINCE THE SURETIES' OBLIGATIONS EXCEEDED THE SURETIES' NET WORTH SO THAT T...