Current through May 31, 2024
Section 585.223 - [Effective until 7/15/2024] What does BOEM do if there is a tie for the highest bid?(a) Unless otherwise specified in the Final Sale Notice, except in the first stage of a two-stage bidding auction, if more than one bidder on a lease submits the same high bid amount, the winning bidder will be determined by a further round or stage of bidding as described in the Final Sale Notice.(b) The winning bidder will be subject to final confirmation following determination of bid adequacy.