48 CFR 970.5209-1 - Requirement for guarantee of performance.

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970.5209-1 Requirement 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.

(End of clause)
[65 FR 81009, Dec. 22, 2000, as amended at 74 FR 36374, July 22, 2009]

Title 48 published on 2015-10-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 48 CFR Part 970 after this date.

  • 2015-10-23; vol. 80 # 205 - Friday, October 23, 2015
    1. 80 FR 64361 - Acquisition Regulations: Export Control
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      Final rule.
      Effective Date: November 23, 2015. Applicability Date: This final rule is applicable to solicitations issued on or after November 23, 2015.
      48 CFR Parts 925, 952 and 970