Bid Bond

Bid Bond means a bond conditioned upon the bidder on a Contract entering into the Contract, and furnishing the required Payment and Performance Bonds. The term does not include a forfeiture bond unless it is issued for a jurisdiction where statute or settled decisional law requires forfeiture bonds for public works.


13 CFR § 115.10

Scoping language

Affiliate is defined in 121.301 of this chapter.

Is this correct? or