Protest to Determination of Lack of Financial Responsibility

A protester asserted that the contracting officer acted improperly in rejecting his bid on the basis of a preaward finding that he was not financially responsible. The determination of nonresponsibility was upheld because bidder was shown to be technically insolvent and his line of credit was fully extended, but the award does not have to be withheld interminably to permit bidder to cure the cause of nonresponsibility determination.