Thursday, October 20, 2011 6:11:31 PM
I have no idea how familar you are with GSA bid issues, but for those who may not understand I'll explain.
There is a specified dollar amount which controls the manner in which a contract may be awarded.
1) Under a certain dollar amount it can be awarded/purchased without any bid process at all.
2) Under a higher doller amount it can be awarded to the lowest bidder, and only 3 bid solicitations notices are required to be sent by procurement department.
3) Over a certain dollar amount the bid must be publically solicited to all approved vendors/contractors, and remain advertised for a certain amount of time, pending contract award.
So, given those facts I see this as an update which was requested from a shareholder on that particular bid solitication. The only thing to speculate on in that statement is whether:
1) All bids were too high which increased the total dollar value into the next tier of the bid process. Thus a new solicitation process is required.
2) The amount of product requested in the first bid proposal has been increased, which resulted in the dollar value also being increased beyond the solitication limits.
Either way, I see it as information detailing an answer to the question which was asked.
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