FAR 28.102-3

(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 $150,000. 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 $35,000 but does not exceed $150,000. 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).

More parts