[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: 48CFR28.104]

[Page 535]
 
            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.  28.104  Annual performance bonds.

    (a) Annual performance bonds only apply to non-construction 
contracts. They shall provide a gross penal sum applicable to the total 
amount of all covered contracts.
    (b) When the penal sums obligated by contracts are approximately 
equal to or exceed the penal sum of the annual performance bond, an 
additional bond will be required to cover additional contracts.