Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 40 - Protection of Environment |
Chapter I - Environmental Protection Agency |
SubChapter B - Grants and Other Federal Assistance |
Part 35 - State and Local Assistance |
Subpart O - Cooperative Agreements and Superfund State Contracts for Superfund Response Actions |
Procurement Requirements Under a Cooperative Agreement |
§ 35.6590 - Bonding and insurance.
Latest version.
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§ 35.6590 Bonding and insurance.
(a) General. The recipient must meet the requirements regarding bonding described in 2 CFR 200.325326. The recipient must clearly and accurately state in the contract documents the bonds and insurance requirements, including the amounts of security coverage that a bidder or offeror must provide.
(b) Accidents and catastrophic loss. The recipient must require the contractor to provide insurance against accidents and catastrophic loss to manage any risk inherent in completing the project.
[72 FR 24504, May 2, 2007, as amended at 79 FR 76060, Dec. 19, 2014; 87 FR 30400, May 19, 2022]