How long must proposed acquisitions be displayed for public notice?

Proposed acquisitions must be displayed for public notice for a minimum of 10 days. This requirement is in place to ensure transparency and allow the public, including industry stakeholders, to review and respond to the proposed acquisitions. The 10-day notice period provides adequate time for interested parties to consider the proposal and prepare any responses or questions they may have.

In a contracting context, this period is crucial for maintaining fairness in the procurement process and upholding the principles of competition and accountability. A shorter notice period might not allow enough time for potential bidders to gather information or assess the opportunity, while a longer notice period, although potentially beneficial, could unnecessarily delay the procurement process.

Therefore, the choice of 10 days balances the need for public awareness and engagement with the efficiency of the acquisition process.