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IS THERE A TIME LIMIT FOR RETURNING BID SECURITY?

April 26, 2017bid limit returning security time

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IS THERE A TIME LIMIT FOR RETURNING BID SECURITY?

1 Answer

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Yes. If an Agency requires bid security, the contracting officer shall, within 30 days of the bid opening, return the bid security to all but the lowest and next-to-lowest bidders under consideration for award.