Contract construction procedures.

CFR · 2024-01-01 · US · Title 7

(a) (2) (3) (4) (5) (6) (7) (i) The bid guarantees are adequate. (ii) All minor errors or irregularities made through inadvertence are corrected or waived. Failing this, the bid shall be rejected as nonresponsive. (iii) In the event of non-minor errors or irregularities, the bid is rejected and the bid price not disclosed. (8) (9) (10) (i) All bids if quoted prices are not acceptable or if the specifications were ambiguous and resulted in bidders having different interpretations of the requirements. (ii) Any bid that is not responsive, or is incomplete, or submitted by an unqualified bidder, or unbalanced between labor and materials or other respects. (11) (ii) If an award is made, the borrower shall award the contract to the lowest responsive bidder. The borrower may award the contract immediately upon determination of the lowest responsive bidder if the following conditions are met: (A) The project is included in an approved loan and adequate funds were budgeted in the loan and are available. (B) All applicable RUS procedures were followed, including those in the Notice and Instructions to Bid in the standard forms of contract. (iii) If RUS approval of the award of contract is required under this paragraph (a)(11), the borrower shall send to RUS for consideration of approval of the award: (A) Two copies of the low bid. (B) The engineer's recommendation and the tabulation of all bids. (C) Evidence of acceptance of the low bid by the borrower, such as: ( ( (iv) If RUS approva

official document · source cfr-2024 · id 7:§ 1753.8