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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 30 - Mineral Resources |
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Chapter V - Bureau of Ocean Energy Management, Department of the Interior |
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SubChapter B - Offshore |
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Part 585 - Renewable Energy and Alternate Uses of Existing Facilities on the Outer Continental Shelf |
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Subpart B - Issuance of OCS Renewable Energy Leases |
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Competitive Lease Award Process |
§ 585.223 - What does BOEM do if there is a tie for the highest bid?
Latest version.
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§ 585.223 What does BOEM do if there is a tie for the highest bid?
(a) Unless otherwise specified in the Final Sale Notice, except in the first stage of a two-stage bidding auction, if more than one bidder on a lease submits the same high bid amount, the winning bidder will be determined by a further round or stage of bidding as described in the Final Sale Notice.
(b) The winning bidder will be subject to final confirmation following determination of bid adequacy.