Iowa Administrative Code
Agency 265 - Iowa Finance Authority
Chapter 15 - Purchasing
Rule 265-15.12 - Modification or Withdrawal of Bids
Universal Citation: IA Admin Code 265-15.12
Current through Register Vol. 47, No. 13, December 25, 2024
Bids or proposals may be modified or withdrawn prior to the time and date set for the bid or proposal opening. Modifications or withdrawals shall be in writing and delivered in a sealed envelope that properly identifies the correct bid or proposal to be modified or withdrawn. A bid or proposal may be withdrawn after opening only with the approval of the authority if the authority finds that an honest error was made by the vendor that will cause undue financial hardship to the vendor and that will not cause undue financial hardship or inconvenience to the authority.
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