First Enterprise, B-292967, January 7, 2004
B-292967: Jan 7, 2004
DIGEST Determination to cancel invitation for bids after bid opening is unobjectionable where the bids exceeded the funding allocated for the construction project. Were as follows: . The contracting officer reviewed the bids and determined that Ace was the apparent low bidder. Informed the remaining bidders that all the prices received were in excess of the available funding. The offerors' prices and the independent government estimate (IGE) were as follows: . The agency should have made award to First Enterprise. First Enterprise essentially contends that the VA did not have a reasonable basis to cancel the IFB. Thus it did not have sufficient funding to make award to the next lowest bidder.