Official text of 552.236-76
As prescribed in 536.270-5 (c), insert a provision substantially the same as the following provision:
Basis of Award - Sealed Bidding Construction (Mar 2019)
A bid may be rejected as nonresponsive if the bid is materially unbalanced as to bid prices. A bid is unbalanced when the bid is based on prices significantly less than cost for some work and significantly overstated for other work.
(End of provision)
Alternate I (Mar 2019). As prescribed in 536.270-5 (c), redesignate the basic provision as paragraph (a) and add the following paragraph (b) to the basic provision:
(b)(1) The low bidder for purposes of award is the responsible bidder offering the lowest aggregate price for:
(i) The base requirement; plus
(ii) All options designated to be evaluated.
(2) The evaluation of options will not obligate the Government to exercise the options.
Where it's prescribed
As prescribed in 536.270-5 (c), insert a provision substantially the same as the following provision:
Verifying this text
The text above is reproduced verbatim from GSA's published source files for the General Services Administration supplement. The controlling version is the one in the Code of Federal Regulations: 552.236-76 on eCFR.