48 CFR 37.302 - Bonds or other security.
When a contract is solely for dismantling, demolition, or removal of improvements, the Miller Act (40 U.S.C. 3131 et seq.) (see 28.102) does not apply. However, the contracting officer may require the contractor to furnish a performance bond or other security (see 28.103) in an amount that the contracting officer considers adequate to (a) ensure completion of the work, (b) protect property to be retained by the Government, (c) protect property to be provided as compensation to the contractor, and (d) protect the Government against damage to adjoining property.
[60 FR 49722, Sept. 26, 1995, as amended at 70 FR 57455, Sept. 30, 2005]
Title 48 published on 2014-10-01
no entries appear in the Federal Register after this date.