FEDERAL · 46 U.S.C. · Chapter SUBCHAPTER I—GENERAL
Competitive bidding
46 U.S.C. § 57503
Title46 — Shipping
ChapterSUBCHAPTER I—GENERAL
This text of 46 U.S.C. § 57503 (Competitive bidding) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
46 U.S.C. § 57503.
Text
(a)Advertisement and Bidding.—The Secretary of Transportation may make a contract with a private shipbuilder for the construction of a new vessel, or for the reconstruction or reconditioning of an existing vessel, only after due advertisement and upon sealed competitive bids.
(b)Opening of Bids.—Bids required under this section shall be opened at the time and place stated in the advertisement for bids. All interested persons, including representatives of the press, shall be permitted to attend. The results of the bidding shall be publicly announced.
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Source Credit
History
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1665.)
Editorial Notes
In subsection (b), the words "Bids required under this section" are substituted for "All bids required by the Secretary of Transportation for the construction, reconstruction, or reconditioning of vessels" to eliminate unnecessary words. The word "hour" is omitted as covered by "time".
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Bluebook (online)
46 U.S.C. § 57503, Counsel Stack Legal Research, https://law.counselstack.com/usc/46/57503.