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Author Question: How is an owner compensated when there is a bid bond if the lowest responsible bidder refuses to be ... (Read 37 times)

Melani1276

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on: Jul 26, 2018
How is an owner compensated when there is a bid bond if the lowest responsible bidder refuses to be awarded a contract and the project is awarded to the second lowest bidder?
 
  What will be an ideal response?

Question 2

How does the Freedom of Information Act help contractors when they are filing a claim against the government?
 
  What will be an ideal response?


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nathang24

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Reply #1 on: Jul 26, 2018
Answer to Question 1

If the lowest responsible bidder refuses to be awarded a contract the owner is compensated by the surety for the difference between the lowest bidder and the second lower bidder up to the bid bond amount.

Answer to Question 2

The Freedom of Information Act helps contractors when they are filing a claim against the government by providing a process for obtaining records kept by the government that pertain to projects that have prompted contractors to file claims.


Melani1276

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Reply 2 on: Jul 26, 2018
YES! Correct, THANKS for helping me on my review

sailorcrescent

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Reply 3 on: Yesterday
:D TYSM

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