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B-196007 1 (1979-09-21)

handle is hein.gao/gaobadhqa0001 and id is 1 raw text is: THE COVPTROLLER GENERAL DECISION.41 OF THE UNITED STATES WASHINGTON D. C. 20548 FILE: B-1960 DATE: Sept-:remr 21, 1079 MATTER OF: DepartmeI of the Navy--Advance De s_- 0 6/ Bidder which refuses to verify bid price because it erroneously estimated costs to be substantially lower than price quotations / subsequently received from suppliers may have bid withdrawn or rejected. 90 The Department of the Navy., Naval Sea Systems Command (Navy) equet s our advance decision as to whether Granite a e rachine Co. (Granite) may be permitted to withdraw its bid or whether the con- , tracting officer may reject the bid on invitation for bids (IFB) N0002479-B-4360 for anti-slack devices and related equipment. The basis for the request is that Granite has alleged a mistake in its bid price due to its incorrect estimates of certain items. 1e concludefthat the bid may be withdrawn or rejected. Bid opening revealed that Granite's bid of $576,600 was substantially lower than the three other bids received, which ranged from $950,374 to $1,237,900. In light of this sizeable price variance, the con- tracting officer requested Granite to verify its bid. Granite responded that it could not verify its bid. Granite states that it had been unable to obtain price quotations from the vendors of certain items prior to bid opening, and therefore had submitted a bid based on estimated costs. The quotations subsequently obtained after bid opening revealed that Granite had significantly underestimated the costs of these items. Granite states that its bid should have been $714,500. In support of its mistake, Granite submits a sworn statement detailing its efforts to obtain the correct prices prior to bid opening, its worksheets and quota- tions from the suppliers of the items mispriced, dated after bid opening.

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