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Showing results for tags 'payment and performance bonds'.
I have an upcoming modification to a construction contract for work within scope, which will increase the contract price by <$150k. The Payment and Performance Bonds have been required by the contract and provided by the Contractor. In all previous modifications, the Government has paid the Contractor's bond rate for each increase. IAW FAR 28.102-2(d), if the contract price increases, the Government must secure any additional bonding needed. Is there any wiggle room on this? We only have a certain amount of funding and applying the bond rate to the Contractor's proposal puts us
Is GSA eBuy Schedule 56 buying “construction” as a Commercial Item for Supplies without mandatory construction clauses or any design related requirements? In a recent appeal of two ASBCA cases to Federal Court of Appeals for the Federal Circuit, the appellate Court concluded that two Army task orders using GSA Schedule 56 for Pre-engineered/prefabricated buildings were construction contracts and that requirements for performance and payment bonds were incorporated by operation of law. The Army used Schedule 56 for two contracts to procure and install two (pre-fabricated? Pre-engine