Statutes, codes, and regulations
Code of Federal Regulations
Title 41 - PUBLIC CONTRACTS AND PROPERTY MANAGEMENTSubtitle C - FEDERAL PROPERTY MANAGEMENT REGULATIONS SYSTEMChapter 102 - FEDERAL MANAGEMENT REGULATIONSubchapter B - PERSONAL PROPERTYPart 102-38 - SALE OF PERSONAL PROPERTYSubpart C - BIDS
BID DEPOSITS
Section 102-38.230 - Is a bid deposit required to buy personal property?

41 C.F.R. § 102-38.230

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Current through May 31, 2024
Section 102-38.230 - Is a bid deposit required to buy personal property?

No, a bid deposit is not required to buy personal property. However, should you require a bid deposit to protect the Government's interest, a deposit of 20 percent of the total amount of the bid is generally considered reasonable.

41 C.F.R. § 102-38.230