[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: 48CFR28.103-4]



[Page 553]

 

            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. 28.103-4  Contract clause.



    The contracting officer shall insert a clause substantially the same 

as the clause at 52.228-16, Performance and Payment Bonds--Other than 

Construction, in solicitations and contracts that contain a requirement 

for both payment and performance bonds. The contracting officer shall 

determine the amount of each bond for insertion in the clause. The 

amount shall be adequate to protect the interest of the Government. The 

contracting officer shall also set a period of time (normally 10 days) 

for return of executed bonds. Alternate I shall be used when only 

performance bonds are required.



[61 FR 39213, July 26, 1996]