3.75_Attach_A10_Performance_and_Payment_Bond.pdf

PDF 133 KB Posted

Attached to
3. 75 Asset Manager (AM) Services - Synopsis for the Department of HUD, Single Family Asset Management
Solicitation number
DU204SB-17-R-0003
Issued by

About this file

From the source

3.75 Attachment A10

View the file

Other files

File Type Posted
3.75_AM_DU204SB-17-R-0003_Conformed_Amend_000006.pdf PDF
3.75_AM_Questions__Answers_9_26_17_Final.pdf PDF
DU204SB-17-R-0003_Amendment_000005.pdf PDF
SBA_OHA_BLB_NAICS_Decision.pdf PDF
DU204SB-17-R-0003_Amendment_000004.pdf PDF
DU204SB-17-R-0003_Amendment_000003.pdf PDF
DU204SB-17-R-0003_Amendment_000002.pdf PDF
3.75_AM_NAICS_Appeal_Notice_and_Order.pdf PDF
3.75_Revised_Attach_A4_Allowable_Pass_Throughs.pdf PDF
DU204SB-17-R-0003_Amend_000001.pdf PDF
3.75_Attach_A3_HUD_Property_Inspection_HPIR.pdf PDF
3.75_Attach_A9_Good_Neighbor_Next_Door_(GNND).pdf PDF
DU204SB-17-R-0003.pdf PDF
3.75_Attach_A8__CERCLA_Disclosure_of_Hazard.pdf PDF
3.75_Attach_A11_Applicable_Documents.pdf PDF
3.75_Attach_A6__Elimination_of_LB_Paint.pdf PDF
3.75_Attach_A14_HUD_Historical__Inventory.pdf PDF
3.75_Attach_A4__Allowable_Pass_Throughs.pdf PDF
3.75_Attach_A2__AM_Property_Inspection_Report.pdf PDF
3.75_Attach_A7_Lead_Based_Paint_Disclosure.pdf PDF
3.75_Attach_A12_HUD_Closing_Instruct_and_Cert.pdf PDF
3.75_Attach_A1_HOC_Geographic_Areas.png PNG image
3.75_Attach_A13_AM_Pricing_Spreadsheet.xlsm XLSM spreadsheet
Show all 23

On GovTribe

Work with this file

  • Download the original file
  • Contacts named in this file
  • Similar government files
  • Ask GovTribe AI about this file
Try for free Login

Text version

The file's text, extracted by GovTribe without its formatting.

Attachment A10: Performance and Payment Bond

52.228-16 PERFORMANCE AND PAYMENT BONDS-OTHER THAN

CONSTRUCTION (NOV 2006)

(a)Definitions. As used in this clause—

"Original contract price" means the award price of the contract or, for requirements contracts, the price payable for the estimated quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

(b) The Contractor shall furnish a performance bond (Standard Form 1418) for the protection of the Government in an amount equal to 50 percent of the original contract price and a payment bond (Standard Form 1416) in an amount equal to 50 percent of the original contract price.

(c) The Contractor shall furnish all executed bonds, including any necessary reinsurance agreements, to the Contracting Officer, within ten (10) calendar days, but in any event, before starting work.

(d) The Government may require additional performance and payment bond protection if the contract price is increased. The Government may secure the additional protection by directing the Contractor to increase the penal amount of the existing bonds or to obtain additional bonds.

(e) The bonds shall be in the form of firm commitment, supported by corporate sureties whose names appear on the list contained in Treasury Department Circular 570, individual sureties, or by other acceptable security such as postal money order, certified check, cashier's check, irrevocable letter of credit, or, in accordance with Treasury Department regulations, certain bonds or notes of the United States. Treasury Circular 570 is published in the Federal

Register, or may be obtained from the U.S. Department of the Treasury, Financial

Management Service, Surety Bond Branch, 3700 East West Highway, Room 6F01, Hyattsville, MD 20782. Or via the internet at http://www.fms.treas.gov/c570/.

http://www.fms.treas.gov/c570/

File details come from the government source that posted it. Updated .