GroundRules
48 CFR 28.103-3: 28.103-3 Payment bonds.
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 1—FEDERAL ACQUISITION REGULATION
- SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS
- PART 28—BONDS AND INSURANCE
- Subpart 28.1—Bonds and Other Financial Protections
(a) A payment bond is required only when a performance bond is required, and if the use of payment bond is in the Government's interest.
(b) When a contract price is increased, the Government may require additional bond protection in an amount adequate to protect suppliers of labor and material.
Collected 2026-08-27T02:26:29Z. Source file · JSON