BONDING FACTOR REQUIREMENT.pdf
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- Attached to
- Monongahela NF Monday Lick Contemporary Trail System Project Indefinite Delivery Indefinite Quantity (IDIQ)
- Solicitation number
- 12445523R0027
- Issued by
-
Department of Agriculture Forest Service
About this file
This document outlines bonding requirements for the federal contract opportunity solicitation number 12445523R0027. The solicitation is for the Monongahela NF Monday Lick Contemporary Trail System Project Indefinite Delivery Indefinite Quantity contract through the US Department of Agriculture Forest Service. Bonding will be required for any work valued over $35,000 and offerors must provide a letter from a certified bonding agency stating their bondability limit. The letter needs only state the bonding limit and does not require specifying the limit is for bonding of $5 million over three years.
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BONDING FACTOR REQUIREMENT:
In the RFIs we describe the bonding le er a li le clearer:
1. Bonding will be required throughout the contract for anything over $35k. A simple le er from the bonding agency is all we are seeking. A statement of bondability is generally nothing more than a le er wri en on either the surety's or bonding agent's le erhead iden fying the contractor (principal), the surety offering the le er and the limits for which the contractor is qualified. Bonding companies MUST be cer fied and on this list:
h ps://www.fiscal.treasury.gov/surety‐bonds/list‐cer fied‐companies.html
We will not require that the le er is for bonding at $5M over 3 years. We will accept the le er if it states how much you can be bonded for.
12445523R0027 Monday Lick Trail Systems Solicitation
File details come from the government source that posted it. Updated .