{"data":{"id":"us/43-cfr-5451.1","jurisdiction":"us","citation":"43 CFR 5451.1","heading":"Minimum performance bond requirements; types.","body":"(a) A minimum performance bond of not less than 20 percent of the total contract price shall be required for all contracts of $10,000 or more, but the amount of the bond shall not be in excess of $500,000, except when the purchaser opts to increase the minimum bond as provided in § 5451.2. A minimum performance bond of not less than $500 or 20% of the contract price, whichever is greater, will be required for all installment contracts less than $10,000. For cash sales less than $10,000, bond requirements, if any, will be at the discretion of the authorized officer. The performance bond may be:\n(1) Bond of a corporate surety shown on the approved list issued by the United States Treasury Department and executed on an approved standard form; or\n(2) Personal surety bond, executed on an approved standard form if the authorized officer determines the principals and bondsmen are capable of carrying out the terms of the contract; or\n(3) Cash bond; or\n(4) Negotiable securities of the United States.\n(5) Any guaranteed remittance approved by the authorized officer.","path":["Title 43—Public Lands: Interior","Subtitle B—Regulations Relating to Public Lands","CHAPTER II—BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR","SUBCHAPTER E—FOREST MANAGEMENT (5000) Group 5000—Forest Management General","PART 5450—AWARD OF CONTRACT","Subpart 5451—Bonds"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-43.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:15Z","sha256":"c45020eea23810ee2c8c793ad29d208fc7268b05f460487d1442cebf2e1f7d04","source_id":"us-cfr","stale":true,"prev":"us/43-cfr-5450.1","next":"us/43-cfr-5451.2"},"notice":"GroundRules: Original legal text. Not legal advice."}