{"data":{"id":"us/48-cfr-228.102-1","jurisdiction":"us","citation":"48 CFR 228.102-1","heading":"228.102-1 General.","body":"The requirement for performance and payment bonds is waived for cost-reimbursement contracts. However, for cost-type contracts with fixed-price construction subcontracts over $40,000, require the prime contractor to obtain from each of its construction subcontractors performance and payment protections in favor of the prime contractor as follows:\n(1) For fixed-price construction subcontracts over $40,000, but not exceeding $150,000, payment protection sufficient to pay labor and material costs, using any of the alternatives listed at FAR 28.102-1(b)(1).\n(2) For fixed-price construction subcontracts over $150,000—\n(i) A payment bond sufficient to pay labor and material costs; and\n(ii) A performance bond in an equal amount if available at no additional cost.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 2—DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE","SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS","PART 228—BONDS AND INSURANCE","Subpart 228.1—Bonds and Other Financial Protections"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"e8a21ff9f813e9aed50ef901028d6d03226062e17d52cf8fde188461569432ac","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-228.102","next":"us/48-cfr-228.102-70"},"notice":"GroundRules: Original legal text. Not legal advice."}