Attachment J - Bonding Information.docx
DOCX document 13 KB Posted
- Solicitation number
- 36C24624R0045
About this file
This document is the Bonding Information attachment for a federal contract opportunity. It outlines the bidding and bonding requirements for the contract:
The bid guarantee (bid bond) is required to be 20% of the bid price, up to a maximum of $3 million. The bid bond must be submitted in the form of Standard Form 24 with original wet ink signatures. Acceptable bid security forms are detailed per FAR 28.203-2.
For contracts over $35,000, a Payment Bond (SF 25A) is required. For contracts over $150,000, both a Payment Bond and Performance Bond (SF 25) are required. Bonds must be submitted within 10 days of award notification and provided with original wet ink signatures.
The related federal contract opportunity is Solicitation #36C24624R0045 for Correct FCA Deficiencies Steam 590-20-903 Distribution System, issued by the Department of Veterans Affairs, Veterans Health Administration, Veterans Integrated Service Network 6.
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Text version
BONDING INFORMATION
BID GUARANTEE: A bid guarantee is required in an amount not less than 20 percent of the bid price but shall not exceed $3,000,000. Failure to furnish the required bid guarantee in the proper form and amount, by the time set for opening of bids, shall require rejection of the bid in all cases except those listed in Federal Acquisition Regulation (FAR) 28.101-4. Bid Bonds must be provided using Standard Form 24 (see FAR 28.106-1) and the form must be provided in original (no white outs, faxed or copied signatures, seals) with ‘wet ink’ signatures and contain the proper solicitation number, bid opening date, and be from a corporate surety listed in Department of Treasury Circular 570. Individual sureties shall be determined acceptable to the Contracting Officer (see FAR 28.203) and be accompanied by Standard Form 28 Affidavit of Individual Surety. Other forms of bid security may be acceptable as denoted in FAR Part 28.203-2.
PERFORMANCE AND PAYMENT BONDS: In accordance with Contract Clause 52.228-15, and FAR 28.102, Contractors are reminded that any amount awarded over $35,000.00 shall require a Payment Bond (SF 25A), and awards exceeding $150,000.00 shall require both Payment and Performance Bonds (SF 25). Payment and Performance bonds are due no later than 10 days after notification of award. Bonds must be provided with original ‘wet ink’ signatures - no white-outs or other corrections are allowable. Copies and facsimiles of bonds shall not be accepted.
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