B-231855:
Nov 4, 1988
A firm protested the Navy's rejection of its bid for grounds maintenance, contending that the Navy erroneously determined that its bid bond sureties' net worth was inadequate. GAO held that the Navy improperly rejected the protester's bid, since the: (1) appraised fair market value of the sureties' properties was substantially higher than the tax appraised value that the Navy used; and (2) suretie...