Bid Proposal Errors
Recorded On: 06/07/2011
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When submitting a bid or proposal in response to a federal solicitation, the bidder or proposer needs to be aware of the “firm bid rule” and most construction bids or proposals require submission of a bid bond. Key points discussed include: What happens if the bid or proposal contains an error; can the bid or proposal simply be withdrawn or corrected; what is the bid bond surety’s potential liability; what control does the surety have; and what is the risk?
Steven L. Reed
Partner, Smith, Currie & Hancock LLP
Steven L. Reed is a partner in the Atlanta, Georgia and Washington, DC offices of Smith, Currie & Hancock LLP. He joined Smith Currie in 2007 and opened the firm’s Washington, DC office in 2008. Prior to this he was an Administrative Judge, Armed Services Board of Contract Appeals (ASBCA) where from 2000-2006, he mediated, otherwise resolved, or adjudicated 136 appeals involving all types of contracts awarded by the Department of Defense, the Department of Health and Human Services, NASA, the U.S. Postal Service, the Department of Justice, the Washington Metro bus and rail system, and the Panama Canal Commission. During 1994-2000, as an Administrative Judge with the U.S. Army Corps of Engineers Board of Contract Appeals (ENG BCA) and from 1988-1994, as a Hearing Examiner with the ENG BCA, Mr. Reed’s docket included 225 appeals addressing matters related to the Corps’ Civil Works program (locks, dams, navigation, and flood prevention), the Washington Metro rail system, the Panama Canal, and Saudi Arabian military facilities and foreign military sales transactions.
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