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 C - REAL PROPERTY
  6. Part 102-75 - REAL PROPERTY DISPOSAL
  7. Subpart C - Surplus Real Property Disposal
  8. Topic - Negotiated Sales
  9. 41 CFR § 102-75.885
41 CFR § 102-75.885
What are the disposal agency's responsibilities concerning negotiated sales?
June 9, 2020
CFR

The disposal agency must—

(a) Obtain such competition as is feasible in all negotiations of disposals and contracts for disposal of surplus property; and

(b) Prepare and transmit an explanatory statement if the fair market value of the property exceeds $100,000, identifying the circumstances of each disposal by negotiation for any real property specified in 40 U.S.C. 545(e), to the appropriate committees of the Congress in advance of such disposal.

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§ 102-75.880 When may Executive agencies conduct negotiated sales?
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§ 102-75.890 What clause must be in the offer to purchase and conveyance documents for negotiated sales to public agencies?

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