B-226774.4: May 6, 1988

A firm requested reconsideration of its denied protest against the Coast Guard's rejection of its bid for maintenance services. GAO had held that the protester's bid was nonresponsive, since it had an insufficient bid guarantee at bid opening. In its request for reconsideration, the protester contended that its surety had a reinsurance policy to cover the additional amount required for the bid bon...

B-226774.4: May 6, 1988

PROCUREMENT - Bid Protests - GAO procedures - GAO decisions - Reconsideration PROCUREMENT - Sealed Bidding - Bid guarantees - Responsiveness - Sureties - Liability restrictions DIGEST: Prior decision holding that bid was properly rejected as nonresponsive where the required bid bond amount exceeded the corporate surety's underwriting limit and no evidence of reinsurance was provided with the bid i...