Regl. 2207, art. 11

Additional Requirements of the challenging and

Last amended: 2005Length: 142 wordsOfficial source

Cite as Reglamento Núm. 2207, Art. 11

Intervening Parties: A. The Board of Review may require from the challenging or intervening party or both, furnish a warranty by either the posting of a bond issued by an insurance company authorized to conduct business in the Commonwealth of Puerto Rico, or or a certified check money order payable to the Secretary of the Treasury. Said warranty shall respond for any increase in costs for which the Government may stand liable: 1. Because of the delay in the process and completion of a purchase, if the Board determines that the action filed was untenable or frivolous. 2. If after a favorable resolution is rendered, the challenging or intervening party refuses to maintain the original bid offer. 3. Challenging parties unable to maintain the original bid offer must withdraw its petition in order to preclude losses or damage to the public interest.
Regl. 2207, art. 11: Additional Requirements of the challenging and | Justis AI