https://www.gao.gov/products/135012

B-228597: Feb 9, 1988

A firm protested a Navy restriction on individual sureties' performance and payment bonds under a solicitation for building repairs and interior painting, contending that the restriction: (1) unduly restricted competition; and (2) made it impossible for offerers to use individuals as sureties. GAO held that the Navy properly applied the restriction, since the Federal Acquisition Regulation authori...

https://www.gao.gov/products/468706

B-228597: Feb 9, 1988

Payment and performance bonds unless they deposit adequate tangible assets with the government is not objectionable where the deviation properly was authorized under the FAR. Is a temporary element of a pilot contracting program aimed at improving the efficiency of the agency's procurement efforts. The solicitation is for the repair and interior painting of a building at the Naval Shipyard in Pear...