Bid guarantee

Bid guarantee means a form of security assuring that the bidder will not withdraw a bid within the period specified for acceptance and (2) will execute a written contract and furnish required bonds, including any necessary coinsurance or reinsurance agreements, within the time specified in the bid, unless a longer time is allowed, after receipt of the specified forms.


48 CFR § 28.001

Scoping language

As used in this part

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