41 C.F.R. · Public Contracts and Property Management
41 C.F.R. § 102.38.240

What happens to the deposit bond if the bidder defaults or wants to withdraw his/her bid?

Title 41 C.F.R. ● ACTIVE Primary Source
Regulatory Text

41 C.F.R. § 102.38.240 — What happens to the deposit bond if the bidder defaults or wants to withdraw his/her bid?

§ 102–38.240 What happens to the deposit bond if the bidder defaults or wants to withdraw his/her bid? (a) When a bid deposit is secured by a deposit bond and the bidder defaults, you must issue a notice of default to the bidder and the surety company. (b) When a bid deposit is secured by a deposit bond and the bidder wants to withdraw his/her bid, you should return the deposit bond to the bidder. Late Bids

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BS-CFR41-SEC-CA3DFC
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boisestandard.org
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41 C.F.R. § 102.38.240
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The regulatory text of 41 C.F.R. § 102.38.240 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 41 41 C.F.R. § 102.38.240