13 C.F.R. § 305.10 Bid underrun.
Title 13 - Business Credit and Assistance
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.
Title 13: Business Credit and Assistance
PART 305—PUBLIC WORKS AND ECONOMIC DEVELOPMENT INVESTMENTS
Subpart B—Requirements for Approved Projects
§ 305.10 Bid underrun.