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...