970.5209-1Requirement for guarantee of performance.
As prescribed in 970.0970-2, the contracting officer shall insert the following provision in solicitations for management and operating contracts:
Requirement for Guarantee of Performance (DEC 2000)
The successful offeror is required by other provisions of this solicitation to organize a dedicated corporate entity to carry out the work under the contract to be awarded as a result of this solicitation. The successful offeror will be required, as part of the determination of responsibility of the newly organized, dedicated corporate entity and as a condition of the award of the contract to that entity, to furnish a guarantee of that entity's performance. That guarantee of performance must be satisfactory in all respects to the Department of Energy.