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Code of Federal Regulations Title 41. Public Contracts and Property Management § 41.102–38.90 What is a spot bid sale?

Current as of January 02, 2025 | Updated by Findlaw Staff

A spot bid sale is a sale where immediately following the offering of the item or lot of property, bids are examined, and awards are made or bids rejected on the spot. Bids are either submitted electronically or in writing according to formats specified by the selling agency, and must not be disclosed prior to announcement of award.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 41. Public Contracts and Property Management § 41.102–38.90 What is a spot bid sale? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-41-public-contracts-and-property-management/cfr-sect-41-102-38-90/

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