Code of Federal Regulations (alpha)

CFR /  Title 36  /  Part 223  /  Sec. 223.51 Bid monitoring.

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]