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TITLE 41 - PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
SUBTITLE C - FEDERAL PROPERTY MANAGEMENT REGULATIONS SYSTEM
CHAPTER 102 - FEDERAL MANAGEMENT REGULATION
SUBCHAPTER B - PERSONAL PROPERTY
PART 102 - 38 - SALE OF PERSONAL PROPERTY
subpart b - SALES PROCESS
102 - 38.90 - What is a spot bid sale?
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.
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