COMPLIANCE INFO_COMPLIANCE INFO 1983-2007

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�~ PART 6 C SALE OF GOVERNMENT PROPERTY INVITATION FOR BIDS NO. PAGE SPECIAL AUCTION CONDITIONS A. SUBMISSION OF BIDS AND AWARD. signing the registration card) that they have full and complete understanding of the terms and conditions,and agree to be bound (a) The Auctioneer will offer each numbered item separately. thereby. Bidders will communicate the amount of their bids either orally or by such other means as may be recognized by and acceptable to the Auctioneer. Unless otherwise provided in the Invitation, bid B. PARTIAL PAYMENTS. offers will not he recognized from any person not proper)v regis- tered and where applicable issued a numbered paddle. (a) Unless full payment is required, the successful Bidder for (b) All items cataloged by weight, count or measure will be any item must make a partial payment on the day of the sale of sold in like units unless specifically changed by announcement by at least 20%of the total amount awarded him. the Auctioneer. The Government reserves the right to sell in (b) Full or partial payments shall be made in the form pre- such units or groups thereof as it deems most expedient. Items scribed in Condition No. 4, General Sale Terms and Conditions will not be subdivided or grouped unless specific announcement (Standard FoKm 114C). is made. (c) In the event the successful Bidder has on file an approved (c) The Auctioneer's"knocking down" an item will constitute Deposit Bond-Annual, Sale of Government Personal Propertv an award by the Contracting Officer to the successful Purchaser (Standard Form 151), that deposit bond may be used in lieu of for each item except as otherwise herein specifically provided. the 20% partial payment required in subparagraph (a), above, (d) In the event of a dispute as to the amount bid,item or item when its use is authorized as an acceptable form of partial pay- number, and/or paddle number of a Bidder, the Contracting ment in the'Invitation. Deposit Bond-Individual Invitations,Sale Officer reserves the right to reoffer the item in question. Once an of Government Personal Property (Standard Form 150), is also item is"knocked down" the Purchaser may not withdraw the bid. acceptable if it has been approved in advance by the selling (e) Records of the Government, certified by the Contracting agency, when its use is authorized as an acceptable form of par- Officer, as to name and number of the Bidder, the bid, and tial payment in the Invitation. amount thereof shall be prime facie evidence of the circumstances (d) The Purchaser agrees that in the event he fails to make of the sale, and all disagreements will be resolved in accordance partial payment on the day of the sale,as required by this clause, with such records. the contract price shall be increased in a sum equal to 5% of the (f) Special provisions made by the Bidder will not be accept- amount of the required partial payment which remained unpaid able and will be cause for rejection of bids. The General Sale on the date of sale for each day that the amount remains unpaid Terms and Conditions (Standard Form 114C)and Special Condi- not to exceed 2096 of such amount. Such amount will be consid- tions of Sale constitute a part of the contract of sale between the ered paid at such time as payment is deposited in the mail or Government and the Purchaser. All Bidders acknowledge (by with a telegraph company. STANDARD FORM 114C-4 JAN.1970 EDITION General Services Administration FPMR(41 CFR)101-45.3 114-408