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The instructions require bid security and the bidder is selected but refuses to sign required contract documents. What does bid security protect?

Correct Answer

C) Owner protection against failure to honor award obligations

A701 bid security protects the Owner when a selected bidder does not meet post-award obligations.

Answer Options
A
Architect review of shop drawings after fabrication
B
Subcontractor entitlement to immediate monthly payment
C
Owner protection against failure to honor award obligations
D
County approval of every private contract change, and filing the issue only in the subcontractor's invoice backup

Why This Is the Correct Answer

A701 bid security protects the Owner when a selected bidder does not meet post-award obligations.

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