CFR > Title 13 - Business Credit and Assistance > CHAPTER III—ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE > PART 305—PUBLIC WORKS AND ECONOMIC DEVELOPMENT INVESTMENTS > SUBPART B—Requirements for Approved Projects (§305.5 to §305.14) > 305.10—Bid underrun.

305.10—Bid underrun.

If at the construction contract bid opening, the lowest responsive bid is less than the total Project cost, the Recipient will notify EDA to determine whether Investment funds should be deobligated from the Project.