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 A - General Provisions
  8. Topic - Responsibilities
  9. 41 CFR § 102-38.55
41 CFR § 102-38.55
What must we do when selling personal property?
June 9, 2020
CFR

When selling personal property, you must ensure that—

(a) All sales are made after publicly advertising for bids, except as provided for negotiated sales in §§102-38.100 through 102-38.125; and

(b) Advertising for bids must permit full and free competition consistent with the value and nature of the property involved.

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§ 102-38.50 What must we do when an executive agency suspects violations of 40 U.S.C. 559, fraud, bribery, or criminal collusion in connection with the disposal of personal property?
Next
§ 102-38.60 Who is responsible for the costs of care and handling of the personal property before it is sold?

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