Section 8-B3050. NONCOMPLIANCE WITH BID OR PROPOSAL SECURITY REQUIREMENTS

 

3050.1If a bid or proposal fails to comply with the Security Bond requirements outlined in the solicitation, the CCO shall reject the bid or proposal.  However, the CCO may accept the bid or proposal if the CCO determines in writing that both of the following apply:

 

(a) The bid or proposal meets the criteria set forth in this section; and

 

(b) Acceptance of the bid or proposal would be in the best interests of the University.

 

3050.2If the amount of the Security Bond submitted by bidders or offerors, although less than that required by the solicitation for the maximum quantity or service, is sufficient for a quantity or service for which the bidder or offeror is otherwise eligible for award, the bid or proposal may be accepted.  Any award to the bidder or offeror shall not exceed the quantity covered by the Security Bond.

 

3050.3If the Security Bond becomes inadequate as a result of the correction of a mistake, the bid or proposal may be accepted if the bidder or offeror agrees to increase the Security Bond to the level required for the corrected bid or proposal.

 

3050.4If the Security Bond is received late, and the receipt is waived in accordance with Subsection 3050.1 of this section, the bid or proposal may be accepted. 

 

 

authority

D.C. Official Code § 38-1202.01 (2001 ed.)

source

Final Rulemaking published at 57 DCR 2630 (Mar. 2010).