1. LawStack
  2. Title 41 - Public Contracts and Property Management
  3. Subtitle C - Federal Property Management Regulations System
  4. Chapter 102 - Federal Management Regulation
  5. Subchapter B - Personal Property
  6. Part 102-38 - Sale of Personal Property
  7. Subpart C - Bids
  8. Subject Group - Bid Deposits
  9. 41 CFR § 102-38.230
41 CFR § 102-38.230
Is a bid deposit required to buy personal property?
August 7, 2025
CFR

§ 102-38.230 Is a bid deposit required to buy personal property?

No, a bid deposit is not required to buy personal property. However, should you require a bid deposit to protect the Government's interest, a deposit of 20 percent of the total amount of the bid is generally considered reasonable.

Next
§ 102-38.235 What types of payment may we accept as bid deposits?

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