Questions_and_Answers_002.pdf

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South Loop Taxiway Mill and Overlay
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FA5004-15-B-C002
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Questions and Answers 002

South Loop Taxiway Mill and Overlay

FA5004-15-B-C002

Q1. What amount does the bid guarantee have to be?

A1. In accordance with FAR 28.101-2(b), “The bid guarantee amount shall be at least 20 percent of the bid price but shall not exceed $3 million.”

Q2. What form does the bid bond have required to be on?

A2. In accordance with FAR 28.106-1(a), the required form is the SF24.

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