How many days prior to the expiration of the bid withdrawal period must the owner prove financial capability?

The owner is required to prove financial capability a specific number of days before the bid withdrawal period expires to ensure that they are prepared to manage the contract should they choose to proceed after the withdrawal period. This requirement is crucial as it allows for the efficient continuation of processes in a project without unnecessary delays, should the owner decide to accept a bid.

In this context, the correct answer stipulates a 7-day advance notice. This timing ensures that all parties involved in the bidding process are clear on the financial readiness of the owner, thereby promoting transparency and accountability. Additionally, this period allows other potential bidders to understand the intentions of the owner, potentially avoiding confusion or miscommunication regarding the acceptance of bids.

The specific 7-day requirement serves to balance the interests of both owners and bidders, ensuring that all necessary checks on financial capability are conducted well within the timeframes set for bid withdrawal, allowing for a smoother transition into project execution if a bid is accepted.