7 CFR 1726.205 - Multiparty lump sum quotations.

Code of Federal Regulations - Title 7: Agriculture

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Title 7: Agriculture

Subtitle B: Regulations of the Department of Agriculture (Continued)

CHAPTER XVII: RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE

PART 1726: ELECTRIC SYSTEM CONSTRUCTION POLICIES AND PROCEDURES

Subpart G: Procurement Procedures

1726.205 - Multiparty lump sum quotations.

The borrower or its engineer must contact a sufficient number of suppliers or contractors to assure competition and so that at least three bids will be received. On the basis of written lump sum quotations, the borrower will select the supplier or contractor based on the lowest evaluated cost.



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