Author Question: How is an owner compensated when there is a bid bond if the lowest responsible bidder refuses to be ... (Read 72 times)

Melani1276 · **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?

nathang24 · **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.