https://www.gao.gov/products/140085

B-236251: Nov 17, 1989

A firm protested the Army's rejection of its bid for sewer repair and replacement, contending that the Army improperly found its sureties unacceptable, since it submitted more than adequate evidence of the value of its sureties' assets. GAO held that the Army reasonably found that the protester failed to provided sufficient information to show that its sureties had sufficient financial resources t...

https://www.gao.gov/products/483664

B-236251: Nov 17, 1989

PROCUREMENT - Sealed Bidding - Bid guarantees - Sureties - Acceptability DIGEST: Rejection of protester's bid was proper where agency reasonably found that protester failed to provide sufficient information to permit finding the individual sureties on its bid bond acceptable. Whichever was less. An Affidavit of Individual Surety was submitted for each. No documentation was submitted to verify the...