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B-192893 1 (1978-12-27)

handle is hein.gao/gaobadgtt0001 and id is 1 raw text is: 
                01.1,ER
                        THE  COMPTROLLER GENERAL
DECISION                OF  THE   UNITED     STATES
                        WASHINGTON, D.C. 20548



FILE:   B-192893              DATE:   December 27, 1978

MATTER  OF:     Chemical Technology, Inc.


DIGEST:



1.  Protester's bid is properly rejected as nonrespon-
    sive where Irrevocable Letter of Credit submitted
    to comply with IFB's bid guarantee requirement is
    defective because letter was issued by protester
    rather than other independent credit source.


2.  Bidder acting as personal surety when required to
    provide bid guarantee has not met requirement.
    Bonding company's post bid opening offer to stand
    behind bidder's personal quarantee is not for con-
    sideration, and public interest in strict main-
    tenance of competitive bidding process outweighs
    any monetary savings Government might realize by
    waiving deficiencies in protester's bid guarantee.


3.  Failure to inspect contract site prior to opening
    which IFB puts in nonmandatory terms does not
    render bid nonresponsive.


4.  Low responsive bidder may voluntarily decrease
    bid price after bid opening.


5.  Contracting officer determination of price reason-
    ableness was not abuse of discretion where low,
    responsive bidder's price was considered fair
    and reasonable even prior to voluntary price
    reduction.

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