25 CFR § 163.17 - Deposit with bid.
(1) Ten (10) percent if the appraised stumpage value is less than $100,000 and in any event not less than $1,000 or full value whichever is less;
(2) Five (5) percent if the appraised stumpage value is $100,000 to $250,000 but in any event not less than $10,000; and
(3) Three (3) percent if the appraised stumpage value exceeds $250,000 but in any event not less than $12,500.
(b) Deposits shall be in the form of either a certified check, cashier's check, bank draft, postal money order, or irrevocable letter-of-credit, drawn payable as specified in the advertisement, or in cash.
(c) The deposit of the apparent high bidder, and of others who submit a written request to have their bids considered for acceptance will be retained pending acceptance or rejection of the bids. All other deposits will be returned following the opening and posting of bids.
(d) The deposit of the successful bidder will be forfeited and distributed as damages to the beneficial owners if the bidder does not:
(2) Execute the contract; or
(3) Perform the contract.
(e) Forfeiture of a deposit does not limit or waive any further claims for damages available under applicable law or terms of the contract.