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FARS

Section 528.101-1: Policy on use.

(a) Construction contracts. The contracting officer shall require bid guarantees for contracts awarded under Section 8(a) of the Small Business Act, as amended (15 U.S.C. 637(a)).

(b) Building service contracts. The contracting officer shall require bid guarantees for building service contracts over $100,000 if it is determined under that a performance bond is essential to protect the Government’s interest.

(c) All other contracts. Refer to FAR 28.101 for guidance on the use of bid guarantees.




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