Bid means any response to a solicitation, including a proposal under a
negotiated acquisition. See the definition of “offer” at
Bid guarantee means a form of security assuring that the bidder–
(1) 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 allowed, after receipt of the specified forms.
For over 20 years, Coley GCS has helped companies worldwide successfully win and manage more than $3 Billion in Government Contracts. We specialize in GSA Schedules but support any contracting vehicle. We build long term relationships with clients –many who have put their trust in our advice for over two decades.