[Code of Federal Regulations] [Title 48, Volume 3] [Revised as of October 1, 2002] From the U.S. Government Printing Office via GPO Access [CITE: 48CFR245.7305] [Page 348-349] TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM CHAPTER 2--DEPARTMENT OF DEFENSE PART 245--GOVERNMENT PROPERTY--Table of Contents Subpart 245.73--Sale of Surplus Contractor Inventory Sec. 245.7305 Sale approval and award. The plant clearance officer will-- (1) Evaluate bids to establish that the sale price is fair and reasonable, taking into consideration-- (i) Knowledge or tests of the market; (ii) Current published prices for the property; [[Page 349]] (iii) The nature, condition, quantity, and location of the property; and (iv) Information from the Defense Reutilization and Marketing Service. (2) Approve award to the responsible bidder whose bid is most advantageous to the Government, price and other factors considered. Award shall not be approved to any bidder who is not eligible to enter into a contract with the DoD due to inclusion on the list of Parties Excluded from Procurement Programs. If a compelling reason exists to award to a bidder on the excluded list, the plant clearance officer shall request approval from the headquarters of the administering activity. (3) Notify the contractor within five working days of the bidder to whom an award shall be made. The contractor shall make the award, collect the proceeds of the sale, and release the property to the purchaser. The contractor shall provide the plant clearance officer with evidence of delivery reflecting actual quantities released to the purchaser.