If I obtained a bid surety bond but was not awarded a contract, what is my liability?

If you are not offered a contract or are offered a contract for a product category where your composite bid (your bid amount for the lead item) is above the median composite bid rate (median lead item bid amount of all bidders in the competition) and you do not accept the contract offer, the bid surety bond liability will be returned to you within 90 days of the Round 2021 public announcement of contract suppliers. Please review the Bid Surety Bonds fact sheet for additional information.

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Updated: 07/09/2019