BID GUARANTEE ASSETS MUST BE CAPABLE OF ESCROW

The Comptroller General’s Office of the Government Accountability Office

Matter of Tip Top Construction Corp.

No. B-311305
May 2, 2008

The Government Accountability Office (GAO) has ruled that personal property pledged by an individual surety in support of a bid bond or bid guarantee must be capable of being placed in escrow. Stockpiled, marketable coal was not ... Log in to view the full text.