The University of California is governed by California State Law which requires all property to be competitively bid, with certain exceptions. For property which qualifies for an exception the University may elect to offer the property by marketing the property in the customary manner. A. Prior to submitting a bid, the bidder must complete all of their investigations as bid sales are on an as-is basis. The Offer to Purchase in the bid package and a cashier's check for the designated minimum deposit to be delivered by the deadline date to the address specified in the Bid Package. The Offer to Purchase form is the formal agreement for the purchase and sale and is subject to acceptance by The Regents of the University of California or by the President of the University of California as the case maybe.
All bids are sealed, there is no provision for oral bids or oral over bids.
A. No, the terms and conditions contained in the Bid Package are not negotiable and any alteration, such as the addition of any condition or contingency to the Bid Form may invalidate the bid. A prospective buyer need only complete the blanks as indicated, make their bid for at least the advertised minimum bid by completing and executing the Offer to Purchase form, enclose a cashiers check for the designated deposit amount and deliver the bid in a sealed envelope by the stated deadline to the location specified on the form. All inspection rights are limited to the extent specified in the bid package which should be read in its entirety. All inspections must be completed prior to submitting a bid unless an alternate procedure is specified in the bid package. A. No, bidders need not be present at the bid opening but are welcome to attend or send their representative to the public bid opening.