---
kind: "section"
citation: "7 C.F.R. § 1753.27"
title: "7"
number: "1753.27"
heading: "Bidding procedure."
url: "https://uscodex.org/cfr/7/1753.27"
---

# §1753.27. Bidding procedure.


Upon RUS approval of the P&S, the borrower shall proceed as follows:

- (a) Bid documents shall consist of a copy of the approved P&S, including RUS Contract Form 257, completed in accordance with the instructions on the cover of the form and the plot plans showing site development details. For contracts in amounts of $100,000 or less, the borrower must specify in the Notice and Instructions to Bidders whether the contractor will be required to furnish a performance bond or a builder's risk policy.
- (b) The borrower shall determine that title to the real estate has been approved by RUS before the invitations to bid are released.
- (c) The borrower shall set the time for opening of bids, allowing ample time for bidders to prepare bids.
- (d) The borrower shall solicit bids as set forth in [§ 1753.8(a)(2)](/cfr/7/1753.8.md?p=a-2). Invitations shall be sent to at least six prospective bidders.
- (e) The borrower shall conduct bid opening and award of contract in accordance with the procedure set forth in [§ 1753.8(a)](/cfr/7/1753.8.md?p=a).

## Notes

### Source

Source: 54 FR 39267, Sept. 25, 1989, unless otherwise noted. Redesignated at 55 FR 39396, Sept. 27, 1990.

### Authority

Authority: 5 U.S.C. 501, 7 U.S.C. 901 et seq.