[Code of Federal Regulations]
[Title 41, Volume 3]
[Revised as of July 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR102-38.85]

[Page 143]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
               CHAPTER 102--FEDERAL MANAGEMENT REGULATION
 
PART 102-38_SALE OF PERSONAL PROPERTY--Table of Contents
 
                         Subpart B_Sales Process
 
Sec. 102-38.85  What is a sealed bid sale?

    A sealed bid sale is a sale in which bid prices are kept 
confidential until bid opening. Bids are submitted either electronically 
or in writing according to formats specified by the selling agency, and 
all bids are held for public disclosure at a designated time and place.