§ 223.51. Bid monitoring.
69 words·~1 min read·
/us/cfr/t36/s§ 223.51·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each Regional Forester shall monitor bidding patterns on timber sales to determine if speculative bidding is occurring or if Purchasers are bidding in such a way that they would be unable to perform their obligations under the timber sale contract. A Regional Forester shall propose to the Chief changes in service wide timber sale procedures, as they appear necessary, to discourage speculative bidding. \[50 FR 41500, Oct. 11, 1985\]