41 C.F.R. § 102-38.230 Is a bid deposit required to buy personal property?
Title 41 - Public Contracts and Property Management
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.
Title 41: Public Contracts and Property Management
PART 102–38—SALE OF PERSONAL PROPERTY
Subpart C—Bids
Bid Deposits
§ 102-38.230 Is a bid deposit required to buy personal property?
