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. Topic - Modification or Withdrawal of Bids
  9. 41 CFR § 102-38.255
41 CFR § 102-38.255
May we allow a bidder to modify or withdraw a bid?
June 9, 2020
CFR

(a) Yes, a bidder may modify or withdraw a bid prior to the start of the sale or the time set for the opening of the bids. After the start of the sale, or the time set for opening the bids, the bidder will not be allowed to withdraw his/her bid.

(b) You may consider late modifications to an otherwise successful bid at any time, but only when it makes the terms of the bid more favorable to the Government.

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