41 C.F.R. § 102-38.90 What is a spot bid sale?
Title 41 - Public Contracts and Property Management
A spot bid sale is a sale where immediately following the offering of the item or lot of property, bids are examined, and awards are made or bids rejected on the spot. Bids are either submitted electronically or in writing according to formats specified by the selling agency, and must not be disclosed prior to announcement of award.
Title 41: Public Contracts and Property Management
PART 102–38—SALE OF PERSONAL PROPERTY
Subpart B—Sales Process
Competitive Sales
§ 102-38.90 What is a spot bid sale?
