46-U.S.C.-57503
§57503 – Competitive Bidding
Pathway
Title 46 > Subtitle V > Part F > Chapter 575 > Subchapter I > Section 57503
Details
- Reference: Section 57503
- Legend: §57503 – Competitive Bidding
- USCode Year: 2013
Provision Content
(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.
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1665.)
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 57503(a) | 46 App.:1193(a). | June 29, 1936, ch. 858, title VII, §703(a), (c) (related to construction, reconstruction, or reconditioning), 49 Stat. 2008; Pub. L. 97–31, §12(105), Aug. 6, 1981, 95 Stat. 163. |
| 57503(b) | 46 App.:1193(c) (related to construction, reconstruction, or reconditioning). |
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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