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Showing results for tags 'award under sat'.
Scenario: IFB is issued for construction since government estimate is over the SAT. Low bid is under the SAT. Bid is responsive and bidder is considered responsible. IFB included FAR clause 52.228-15, Performance and Payment Bonds-Construction, requiring payment and performance bonds. Question: Do you think it would be appropriate to make award and then bilaterally modify the contract to remove this clause and replace with 52.228-13, Alternative Payment Protections, along with a price reduction reflecting the removal of the performance bond premium and any difference in the cost of th