§ 1852.228-73 - Bid Bond.

Link to an amendment published at 80 FR 12953, Mar. 12, 2015.

As prescribed in 1828.101-70, insert the following provision:

Bid Bond (OCT 1988)

(a) Each bidder shall submit with its bid a bid bond (Standard Form 24) with good and sufficient surety or sureties acceptable to the Government, or other security as provided in Federal Acquisition Regulation clause 52.228-1, in the amount of twenty percent (20%) of the bid price, or $3 million, whichever is the lower amount.

(b) Bid bonds shall be dated the same date as the bid or earlier.

(End of provision)