GroundRules
48 CFR 28.104: 28.104 Annual performance 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) 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.
Collected 2026-08-27T02:26:29Z. Source file · JSON