In addition to the restriction on use of bid guarantees in 48 CFR 28.101-1(a), a bid guarantee may be required only for fixed price or unit price contracts entered into as a result of sealed bidding. They may not be required for negotiated contracts.
[61 FR 41708, Aug. 9, 1996, as amended at 75 FR 29459, May 26, 2010]
A determination that is in the best interest of the Government to require payment bonds in connection with other than construction contracts may be made by the contracting officer on individual acquisitions.
A performance or payment bond, other than an annual bond, shall not antedate the contract to which it pertains.
source: 49 FR 12010, Mar. 28, 1984, unless otherwise noted.
cite as: 48 CFR 928.103-70