The FDIC awarded a contract without properly analyzing whether the winning bid's price was realistic for the work required, and without adequately evaluating the contractor's key personnel. The court ruled the FDIC violated its own acquisition rules and ordered the contract award rescinded. This matters to subcontractors because it shows courts will overturn awards when the government skips required evaluation steps, even if the winning contractor seemed qualified.
Always document your price analysis in writing. If a government agency can't show they reviewed whether your price makes sense for the scope of work, your bid protest has a strong argument.