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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 3 - Health and Human Services |
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SubChapter D - Socioeconomic Programs |
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Part 326 - Other Socioeconomic Programs |
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Subpart 326.6 - Acquisitions Under the Buy Indian Act |
§ 326.605-2 - Performance and payment bonds.
Latest version.
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326.605-2 Performance and payment bonds.
Solicitations requiring performance and payment bonds must conform to FAR Part 28 and authorize use of any of the types of security acceptable in accordance with FAR Subpart 28.2 or section 11 of Public Law 98-449, the Indian Financing Act Amendments of 1984 (25 U.S.C. 47a). In accordance with FAR 28.102 and 25 U.S.C. 47a, the CO may accept alternative forms of security in lieu of performance and payment bonds if a determination is made that such forms of security provide the Government with adequate security for performance and payment.