Allegations of Unfair Bidding Requirements at Griffiss Air Force Base, Rome, New York.
GENERAL ACCOUNTING OFFICE WASHINGTON DC PROCUREMENT LOGISTICS AND READINESS DIV
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We found that the procedures followed by Griffiss comply with existing Defense Acquisition Regulations which require a performance bond for any fixed-price construction contract in excess of 25,000. The same regulations require a bid guarantee of not less than 20 percent of the bid amount. The bid guarantee may take the form of a bid bond, postal money order, certified check, cashiers check, irrevocable letter of credit, or certain bonds or notes of the United States. In Mr. Harveys case, in lieu of a bid bond, which he says he cannot secure, the guarantee would have to be in one of the other forms mentioned above.
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