Common use of Conditions affecting acceptability of bids Clause in Contracts

Conditions affecting acceptability of bids. The borrower must take the fol- lowing specified action if any of the following exist: (1) Fewer than three bona fide bids re- ceived. If fewer than three bona fide bids are received for the contract project, the borrower must determine that all reasonable measures have been taken to assure competition prior to awarding the contract. This determina- tion must be documented and such doc- umentation submitted to RUS where required by subpart A of this part. The borrower may, however, elect to reject all bids, make changes in the specifica- tion or the qualified bidders list or both and invite new bids. (2) Significant error or ambiguity in the specification. If a significant error or ambiguity in the specification is found which could result in the bidders hav- ing varying interpretations of the re- quirements of the bid, the borrower must either issue an addendum to each prospective bidder correcting the error or ambiguity before bids are received, or reject all bids and correct the speci- fication. If a significant error or ambi- xxxxx in the specification is discovered after the bids are opened, the borrower must reject all bids, correct the speci- fication and invite new bids.

Conditions affecting acceptability of bids. The borrower must take the fol- lowing specified action if any of the following exist: (1) Fewer Fe er than three bona fide bids re- ceived. If fewer than three bona fide bids are received for the contract project, the borrower must determine that all reasonable measures have been taken to assure competition prior to awarding the contract. This determina- tion must be documented and such doc- umentation submitted to RUS where required by subpart A of this part. The borrower may, however, elect to reject all bids, make changes in the specifica- tion or the qualified bidders list or both and invite new bids. (2) Significant error or ambiguity in the specification. If a significant error or ambiguity in the specification is found which could result in the bidders hav- ing varying interpretations of the re- quirements of the bid, the borrower must either issue an addendum to each prospective bidder correcting the error or ambiguity before bids are received, or reject all bids and correct the speci- fication. If a significant error or ambi- xxxxx in the specification is discovered after the bids are opened, the borrower must reject all bids, correct the speci- fication and invite new bids.