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Section 245.7302-4: Basis for sale.

    (a) Unit price basis-requires the offeror to state the bid price in terms of the quantity or weight generally applied in commercial sales of similar items.

    (b) Lot price basis-requires the offeror to submit a bid for the entire lot. Use the lot price basis of sale only when property cannot be sold by unit measure or the potential sales return is small.




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