§ 245.7302-4 - Basis for sale.

Related Notices

Latest version.

(a) Unit price basis—requires the offeror to state the bid price in terms of the quantity or weight generally applied in commercial sales of similar items.

(b) Lot price basis—requires the offeror to submit a bid for the entire lot. Use the lot price basis of sale only when property cannot be sold by unit measure or the potential sales return is small.

                    
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