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Financial Statement Required For Responsive Bid Bids-responsiveness

Saturday, April 03, 2004 12:34 pm

 
Financial Statement Required For Responsive Bid Bids-responsiveness

A New Jersey court has ruled that a bidder's failure to submit a certified financial statement with its bid rendered the bid nonresponsive. The requirement was mandatory and could not be waived by the public project owner.

The Township of Woodbridge issued an invitation for bids for road reconstruction. Attached to the solicitation was a checklist of items to be submitted with bids.

The checklist was divided into two columns. Failure to include items such as bid guarantee and subcontractor listings, specified in the New Jersey Local Public Contra [...]

 
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