COMPLIANCE INFO_COMPLIANCE INFO 1983-2007

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PART 5 SALE OF GOVERNMENT PROPERTY INVITATION FOR BIDS NO. PAGE SPECIAL SPOT BID CONDITIONS A. MAILED—IN OR HAND—CARRIED BIDS. (b) Any hand-carried bid or modification not received by the Contracting Officer by the exact time set for the receipt of bids Unless otherwise provided in the Invitation, mailed-in or hand- will not be considered, regardless of the cause of the delay. The carried bids will not be considered. foregoing sentence does not, however, preclude the submission of B. BID DEPOSIT. bids from the floor, item by item, as the sale progresses. In the event mailed-in or hand-carried bids are provided for in E. SUBMISSION OF BIDS AND AWARD. the Invitation and a bid deposit is required, such bids must be Each numbered item will be offered separately by requesting accompanied by a bid deposit of 209o' of the total amount bid and bids from the floor which may be submitted by means of a bid must be in the possession of the Contracting Officer by the time card showing the item number, unit bid price,registration number and date set forth in the Invitation. Bid deposits shall be in the and signature of the Bidder. After announcement is made that bid- form prescribed in Condition No. 4, General Sale Terms and Con- ding for that item is closed, no further bids will be accepted for ditions (Standard Form 114C). Deposit Bond-Individual Invitation, that item. Bids submitted from the floor will be compared with Sale of Government Personal Property (Standard Form 150) prop- mailed-in or hand-carried bids (if authorized) to determine the erly executed or reference to an approved Deposit Bond-Annual, high bid. Award of each item offered will be made to the highest Sale of Government Personal Property (Standard Form 151) are responsible and responsive Bidder, item by item, as the sale pro- acceptable when their use is authorized as acceptable forms of bid gresses unless the Contracting Officer specifically announces that deposit in the Invitation. Any such bid which is not timely sup- the award of a particular item must be delayed. Awards so delayed ported by an acceptable bid deposit may be rejected as non-respon- will be made on a later date by mailing or otherwise furnishing a sive. Any bid deposit received after the time and date set forth in notice of award to the successful Bidder. The amount of the high the Invitation for the receipt of bids will be considered in the same acceptable bid,and the name or registration number of the success- manner as late bids. ful Bidder will be publicly announced. All awards publicly an- nounced will be confirmed in writing. In the event that all bids C. MODIFICATION OR WITHDRAWAL OF BIDS. are rejected, the amount of the high bid received will be publicly announced. Items for which all bids have been rejected may be (Applicable only when mailed-in or hand-carried bids are reoffered during the sale or at a later date at the discretion of the authorized by the terms and conditions of the Invitation.) Contracting Officer. Qualified, tie-in, all-or-none or combination (a) Bids may be modified or withdrawn by written or tele- bids will not be acceptable and will be rejected as non-responsive. graphic notice and a bid also may be withdrawn in person by a bidder or his authorized representative, provided his identity is F. PARTIAL PAYMENTS. made known and he signs a receipt for the bid, but only if the withdrawal is prior to the exact time for the start of the sale. (a) Payment shall be made as required within the time set forth (b) Where a bid deposit is required by the Invitation, any bid in the Invitation, except that whenever mailed-in or hand-carried modification which increases the amount of a bid already submitted bids are authorized and a bid deposit is required, the successful or which submits bids on items not previously bid on must pro- Bidder present at the sale mutt make a partial payment on the day vide for an additional bid deposit. of the sale of at least 20% of the total amount awarded to him. (b) Full orpartial payments shall be made in the form pre- D. CONSIDERATION OF LATE BIDS, MODIFICATIONS, scribed in Condition No. 4, General Sale Terms and Conditions OR WITHDRAWALS. (Standard Form 114C). (c) In the event the successful Bidder has on file an approved (Applicable only when mailed-in or hand-carried bids are Deposit Bond-Annual, Sale of Government Personal Property iuthorized by the terms and conditions of the Invitation.) (Standard Form 151), that deposit bond may be used in lieu of (a) Mailed-in or hand-carried bids or modifications or with- a 20% partial payment required in subparagraph (a), above, when drawals thereof, must be in the possession of the Contracting its use is authorized as an acceptable form of partial payment in Cifiicer by the time and date set forth in the Invitation. Any the Invitation. Deposit Bond-Individual Invitation, Sale of Gov- rnailcd-in bid or modification or withdrawal thereof, received after ernment Personal Property (Standard Form 150) is also acceptable, the time and date set forth in the Invitation for receipt of bids will if it has been approved in advance by the selling agency and its not he considered unless received by the Contracting Officer before use authorized as an acceptable form of partial payment in the the time set for the start of the sale, was mailed and in fact de- Invitation. vcred to the address specified in the Invitation in sufficient time (d) The Purchaser agrees that in the event he fails to make par- vo have been received by the Contracting Officer by the time and tial payment on the day of the sale, as required by this clause,the .late set forth in the Invitation for receipt of bids, and, except for contract price shall be increased in a sum equal to 5% of the dehv attributable to personnel of the sales office or their designees, amount of the required partial payment which remained unpaid on would have been received on time. In no event will mailed-in bids the date of the sale for each day that the amount remains unpaid or modifications or withdrawals, be considered if received by the not to exceed 20% of such amount. Such amount will be consid- Contracting Otlicer after the time set for the start of the sale, re- ered paid at such time as payment is deposited in the mail or with gardless of the cause of delay. a telegraph company. STANDARD FORM 1140-3 10 JAN. 1970 EDITION General Services Administration FPMR(41 CFR) 101-45.3 114-407