The circumstance of a Bidder not submitting a Bid is not a reason for drawing on bid assurance collateral or for bid assurance collateral posted as cash not to be returned. There is no penalty for not submitting a bid.
The circumstance of a Bidder not submitting a Bid is not a reason for drawing on bid assurance collateral or for bid assurance collateral posted as cash not to be returned. There is no penalty for not submitting a bid.