Link: GAO Opinion
Agency: Department of Veterans Affairs
Disposition: Protest denied.
Keywords: Bid bond
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The Department of Veterans Affairs (VA) was found to have properly rejected the bid of a joint venture that submitted a bid bond that was executed by a corporation, when the joint venture agreement provided that both joint venture members were required to execute the bid bond. BW JW1, LLC submitted the lowest priced bid in response to an invitation for bids (IFB) by the VA, but only one of the LLC’s corporate members executed the bond documents that accompanied the bid. The VA rejected the bid, citing FAR ยงยง 14.404-2(a) and 28.101-4(a), which require the rejection of bids that fail to conform to the essential requirements of the IFB or where bidders fail to furnish a bid guarantee in accordance with the requirements of the IFB.