https://www.gao.gov/products/133134

B-226346,B-226347: May 28, 1987

A firm protested the Army's rejection of its low bids as nonresponsive under two solicitations for floodway excavation and repair. The Army rejected the bids because the protester's letters of credit were not sufficient bid guarantees. The protester contended that: (1) the Army improperly determined that its letters of credit were revocable; (2) under applicable state precedent, its letters of cre...

https://www.gao.gov/products/475239

B-226346,B-226347: May 28, 1987

INCORPORATES TERMS WHICH INDICATE THAT THE LETTER IS REVOCABLE OR WHICH. THE LETTER IS UNACCEPTABLE AS A "FIRM COMMITMENT" WITHIN THE MEANING OF THE GOVERNMENT'S STANDARD BID GUARANTEE CLAUSE. WHERE GENERAL ACCOUNTING OFFICE DETERMINES THAT ONE REASON FOR A PROCURING AGENCY'S REJECTION OF A BID IS PROPER. IT WILL NOT CONSIDER ALLEGATIONS REGARDING OTHER REASONS FOR THE REJECTION. BKS CONTENDS THAT...