Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
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.
Latest version.
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§ 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.