Armstrong Elevator Company, B-292864.2, April 13, 2004
B-292864.2: Apr 13, 2004
Where the bid included a bid guarantee that stated that the penal sum amount was limited to 20 percent of the bid price. The liability limit of the surety was limited to an amount that was significantly less than 20 percent of the bid price. Armstrong's bid was found nonresponsive due to a defective bid bond. Armstrong contends that its bid bond contained an obvious typographical error that should have been waived by the agency. Bidders were required to submit a bid guarantee with their bids in the amount of 20 percent of the "bid price" or $3 million. Whichever was less. The bids of the first and second low apparent bidders were determined to be nonresponsive. Was for a total bid amount of $1.