41 CFR 102-38.30: -38.30 Sales process.

You will sell personal property upon such terms and conditions as the head of your agency or designee deems proper to promote the fairness, openness, and timeliness necessary for the sale to be most advantageous to the Government. When you are selling property on behalf of another agency, you must consult with the holding agency to determine any special or unique sales terms and conditions. You must also document the required terms and conditions of each sale as applicable, including:

(a) Inspection.

(b) Condition and location of property.

(c) Eligibility of bidders.

(d) Consideration of bids.

(e) Bid deposits and payments.

(f) Submission of bids.

(g) Bid price determination.

(h) Title.

(i) Delivery, loading, and removal of property.

(j) Default, returns, or refunds.

(k) Modifications, withdrawals, or late bids.

(l) Requirements to comply with applicable laws and regulations.

(m) Certificate of independent price determinations.

(n) Covenant against contingent fees.

(o) Limitation on Government's liability.

(p) Award of contract.