[Protests of Army Rejection of Bids for Electrical Construction]

A firm protested the Army's rejection of its bids for electrical construction work, contending that: (1) the Army selected an outdated list in calculating its financial commitments; and (2) it was entitled to reimbursement for its bid and protest preparation costs. GAO held that: (1) the Army reasonably concluded that the protester's financial difficulties precluded it from performing the contracts; and (2) there was no legal basis to reimburse the protester for its bid and protest preparation costs. Accordingly, the protests and claim were denied.