7 CFR 1726.205
§ 1726.205 Multiparty lump sum quotations.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 1726.205, § 1726.205 Multiparty lump sum quotations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/27249
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.