Code of Federal Regulations Title 30. Mineral Resources § 30.585.221 What bidding systems may BOEM use for commercial leases and limited leases?

(1) Cash bonus with a constant fee rate (decimal)

Cash bonus.

(2) Constant operating fee rate with fixed cash bonus

A fee rate used in the formula found in § 585.506 to set the operating fee per year during the operations term of your lease.

(3) Sliding operating fee rate with a fixed cash bonus

A fee rate used in the formula in § 585.506 to set the operating fee for the first year of the operations term of your lease. The fee rate for subsequent years changes by a mathematical function we specify in the Final Sale Notice.

(4) Cash bonus and constant operating fee rate

Cash bonus and operating fee rate as stated in paragraph (2) of this section (two-stage auction format only).

(5) Cash bonus and sliding operating fee rate

Cash bonus and operating fee rate as stated in paragraph (3) of this section (two-stage auction format only).

(6) Multiple-factor combination of nonmonetary and monetary factors

BOEM will identify bidding variables in the Final Sale Notice.

Variables may include:

(i) Nonmonetary (e.g., technical merit) factors and

(ii) Monetary (e.g., cash bonus, rental rate, fee rate) factors.