https://www.gao.gov/products/133970

B-227696: Sep 21, 1987

A firm protested the General Services Administration's determination that it was nonresponsible under a solicitation for furniture, contending that GSA: (1) improperly disqualified it, since it demonstrated its financial capability to perform; (2) arbitrarily required it to post a 30-percent performance bond; (3) should have allowed it to submit additional evidence regarding its responsibility; an...

https://www.gao.gov/products/480590

B-227696: Sep 21, 1987

The specific financial qualifications to be considered in determining a prospective contractor's responsibility are within the contracting officer's discretion and business judgement. A procuring agency is not required to delay award indefinitely while an offeror attempts to cure the causes for the firm being found nonresponsible and. Where a preaward survey found that an offeror's annual sales we...