LOW BIDDER NOT ENTITLED TO SUBSTITUTE BID SECURITY ASSETS

United States Court of Federal Claims

Tip Top Construction, Inc. v. United States

No. 08-352 C
August 1, 2008

The U.S. Court of Federal Claims has upheld the rejection of stockpiled coal as unacceptable collateral for a bid bond. Personal property should be capable of being placed in escrow. And, the government contracting officer was not ... Log in to view the full text.