What does it mean to have a bona fide bid amount for Round 2021?

A bona fide bid is an offer to furnish an item or items for a particular price and time period that includes, where appropriate, any services that are directly related to the furnishing of the item or items. For Round 2021, bidders only submitted a bid amount for the lead item in each product category but that bid amount should have included all anticipated costs, including overhead, and desired profit associated with furnishing both the lead item and non-lead items in the product category throughout the competitive bidding area.

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Updated: 10/16/2019