41 C.F.R. · Public Contracts and Property Management
41 C.F.R. § 102.38.95

What is an auction?

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

41 C.F.R. § 102.38.95 — What is an auction?

§ 102–38.95 What is an auction? An auction is a sale where the bid amounts of different bidders are disclosed as they are submitted, providing bidders the option to increase their bids if they choose. Bids are submitted electronically and/or by those physically present at the sale. Normally, the bidder with the highest bid at the close of each bidding process is awarded the property. Negotiated Sales

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR41-SEC-A42817
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boisestandard.org
Citation
41 C.F.R. § 102.38.95
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PRIMARY-SOURCE
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The regulatory text of 41 C.F.R. § 102.38.95 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. § 102.38.95