Requesting your help and advice on our issue right now. In 2015, our service firm was awarded (notice of award) by a state university for a bid we participated for their procurement needs. Then paid in cash the performance security within the timeframe indicated on the notice of award. How can we legally withdraw and claim again the performance bond since we lost interest in pursuing the bid/project and the failure of the university to furnish us with the materials needed to complete the task indicated in the contract within the timeframe allowed in the contract. Until now, there’s no contract yet signed, can we still withdraw the bid and claim our performance security paid to them, how?. We have an official receipt for the paid performance bond. Thank you.
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