The Court of Federal Claims (COFC) declined to impute an insurance broker's questionable conduct to a bidder whose bid a contracting officer determined to be nonresponsive because the amount of the contractor's bid bond exceeded the amount authorized by their surety.
In this case arising out of a construction and repair contract at the Fresno Air National Guard Station, Aeroplate submitted a bid bond to cover the value of its apparent winning bid of $7.
6) The COFC went on to address the government's "unclean hands" argument and stated that although the broker knew they were submitting a bid bond that exceeded the surety's authorization, there was no evidence that the bidder knew that the bid bond exceeded the surety's authorization.
We are committed to eliminating bid bond
errors, vastly improving efficiencies and providing unprecedented peace of mind for the authentication of surety bonds," John King, Surety 2000 Director of National Programs, said.
00, then only a bid bond
is acceptable, otherwise, a certified check, bank draft or letter of credit shall be for ten percent (10%) of the amount bid.
are required for all bids in excess of $50,000.
Information on security: The Purchaser requires a bid bond
in the amount of the croup.
Deposits and Guarantees required: - Bid bond worth EUR 36 852 in case of supply and the four (4) species.
Bid bond worth EUR 3 240 in case of supply of one kind.
Bid bond worth EUR 10 656 in case of supply of article 2.
The contracting authority shall require contractors bid bond in the amount of 11 000 PLN.
For the task 3 - Employer withdraws from the bid bond request