Bid system | Bid variable |
(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 (a)(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 (a)(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. |
30 C.F.R. §585.221