If a bidder is offered a contract AFTER contract suppliers are publicly announced, and the bidder declines the offer, will the bid surety bond be forfeited?

When a bidding entity’s composite bid is at or below the median composite bid rate for all bidding entities within the competitive bidding area and product category combination and the entity receives a contract offer after the public announcement of contract suppliers, that entity will still be subject to the bid surety bond requirement when the contract offer is made within 90 days of the announcement of contract suppliers.

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Updated: 03/07/2019