Attachment 2 FAR 52.228-1 Amend 0002.pdf
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- Solicitation number
- 36C25226B0024
About this file
This is a Federal Acquisition Regulation (FAR) clause template (FAR 52.228-1) that establishes bid guarantee requirements for federal procurements.
Bidders are required to submit a bid guarantee in the form of a firm commitment by the bid opening deadline. Acceptable forms include bid bonds with government-approved surety, postal money orders, certified checks, cashier's checks, irrevocable letters of credit, or Treasury Department-approved U.S. bonds or notes. The bid guarantee amount shall be 20 percent of the bid price or $500,000, whichever is less. The Contracting Officer will return bid guarantees to unsuccessful bidders as soon as practicable after bid opening and to the successful bidder upon execution of all contractual documents and required bonds. If the successful bidder fails to execute contractual documents or furnish executed bonds within 10 days of receiving the forms, the Contracting Officer may terminate the contract for default. In the event of default termination, the bidder remains liable for any costs exceeding the original bid amount, and the bid guarantee is available to offset such differences.
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Other files
| File | Type | Posted |
|---|---|---|
| 36C25226B0024 0003.docx | DOCX document | |
| Attachment 3 Corrected Base Bid Info Amend 0002.pdf | ||
| Attachment 1 Pre-Bid RFI 550-23-104 responses v2.xlsx | XLSX spreadsheet | |
| 36C25226B0024 0002.docx | DOCX document | |
| Attachment 2 Site Visit SIGN IN SHEET Hard Copy 550-23-104.pdf | ||
| Attachment 1 Pre-Bid RFI 550-23-104 responses.xlsx | XLSX spreadsheet | |
| 36C25226B0024 0001.docx | DOCX document | |
| Attachment 2 - 550-23-104 BID Specifications.pdf | ||
| Attachment 1 - 550-23-104 SOW Synopsis.pdf | ||
| 36C25226B0024_1.docx | DOCX document | |
| Attachment 4 - Wage Determination.pdf | ||
| Attachment 3 - 550-23-104 BID Drawings.pdf |
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Text version
FAR 52.228-1 BID GUARANTEE (SEP 1996)
(a) Failure to furnish a bid guarantee in the proper form and amount, by the time set for opening of bids, may be cause for rejection of the bid.
(b) The bidder shall furnish a bid guarantee in the form of a firm commitment, e.g., bid bond supported by good and sufficient surety or sureties acceptable to the Government, postal money order, certified check, cashier's check, irrevocable letter of credit, or, under Treasury Department regulations, certain bonds or notes of the United States. The Contracting Officer will return bid guarantees, other than bid bonds—
(1) To unsuccessful bidders as soon as practicable after the opening of bids; and
(2) To the successful bidder upon execution of contractual documents and bonds (including any necessary coinsurance or reinsurance agreements), as required by the bid as accepted.
(c) The amount of the bid guarantee shall be 20 percent of the bid price or 500,000.00, whichever is less.
(d) If the successful bidder, upon acceptance of its bid by the Government within the period specified for acceptance, fails to execute all contractual documents or furnish executed bond(s) within 10 days after receipt of the forms by the bidder, the Contracting Officer may terminate the contract for default.
(e) In the event the contract is terminated for default, the bidder is liable for any cost of acquiring the work that exceeds the amount of its bid, and the bid guarantee is available to offset the difference.
(End of Provision)
FAR 52.228-1 BID GUARANTEE (SEP 1996)
File details come from the government source that posted it. Updated .