The instructions to bidders require bid security equal to 5 percent of the bid amount. A bidder submits a bond for a smaller fixed dollar amount. What controls the required bid security?
Correct Answer
B) The 5 percent requirement stated in the bidding instructions
When bidding instructions state bid security as 5 percent of the bid, that stated requirement controls responsiveness. Other choices substitute bidder preference, subcontractor quotes, or payment forms for bid instructions.
Why This Is the Correct Answer
When bidding instructions state bid security as 5 percent of the bid, that stated requirement controls responsiveness. Other choices substitute bidder preference, subcontractor quotes, or payment forms for bid instructions.
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