52.214-15
Period for Acceptance of Bids
Bidders must keep their offers open for acceptance for at least 60 days (or a specified period), binding them to their bid prices if the government accepts within that timeframe.
Overview
FAR 52.214-15, "Period for Acceptance of Bids," establishes the timeframe during which a bidder agrees to keep their bid open for acceptance by the government. By default, this period is 60 calendar days from the date specified for receipt of bids, unless the bidder specifies a different period. During this time, the bidder is obligated to furnish the items at the bid prices if the government accepts the offer. This provision ensures that the government has a set period to evaluate bids and make an award without concern that the offer will be withdrawn or changed.
Key Rules
- Default Acceptance Period
- Bids must remain open for acceptance for 60 calendar days unless the bidder inserts a different period.
- Bidder's Obligation
- If the government accepts the bid within the stated period, the bidder must provide the items at the bid prices and deliver as specified.
Responsibilities
- Contracting Officers: Must include this provision in solicitations and ensure the acceptance period is clear.
- Contractors/Bidders: Must honor their bid for the stated period and supply items at the bid price if accepted within that timeframe.
- Agencies: Must make award decisions within the acceptance period or risk losing the bid commitment.
Practical Implications
- This provision protects the government from bid withdrawals during evaluation.
- Bidders should carefully consider the acceptance period they specify, as they are bound to their offer for that duration.
- Failure to honor the acceptance period can result in bid rejection or other penalties.