Section 340.8 - Acceptance of bids(a)Opening of bids. Bids will be opened at the time and place specified in the public notice.(b)Method of determining accepted bids. The lowest basis cost of money computed from the date of the bonds to the date of maturity will be used in determining successful bids.(c)Acceptance of successful bid. The Secretary of the Treasury, or his representative, will notify any successful bidder of acceptance in the manner and form specified in the public notice.