[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR102-38.230]

[Page 148]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-38_SALE OF PERSONAL PROPERTY--Table of Contents
 
                             Subpart C_Bids
 
Sec. 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.