[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR28.102-3]



[Page 552]

 

            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]