[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR28.102-3]

[Page 534]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 28_BONDS AND INSURANCE--Table of Contents
 
           Subpart 28.1_Bonds and Other Financial Protections
 
Sec.  28.102-3  Contract clauses.

    (a) Insert a clause substantially the same as the clause at 52.228-
15, Performance and Payment Bonds--Construction, in solicitations and 
contracts for construction that contain a requirement for performance 
and payment bonds if the resultant contract is expected to exceed 
$100,000. The contracting officer may revise paragraphs (b)(1) and/or 
(b)(2) of the clause to establish a lower percentage in accordance with 
28.102-2(b). If the provision at 52.228-1 is not included in the 
solicitation, the contracting officer must set a period of time for 
return of executed bonds.
    (b) Insert the clause at 52.228-13, Alternative Payment Protections, 
in solicitations and contracts for construction, when the estimated or 
actual value exceeds $25,000 but does not exceed $100,000. Complete the 
clause by specifying the payment protections selected (see 28.102-
1(b)(1)) and the deadline for submission. The contracting officer may 
revise paragraph (b) of the clause to establish a lower percentage in 
accordance with 28.102-2(c).

[48 FR 42286, Sept. 19, 1983, as amended at 61 FR 31652, June 20, 1996; 
61 FR 39213, July 26, 1996; 62 FR 44806, Aug. 22, 1997; 65 FR 46070, 
July 26, 2000]