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                            28.103-3 Payment bonds.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart28.028.128.228.3
Section28.10028.10128.10228.10328.10428.10528.106
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28.103-3 Payment bonds.28.103-3 Payment bonds.       (a) 						            A payment bond is required only when a performance bond is required, and if the use of payment bond is in the Government’s interest.                                          (b) 						            When a contract price is increased, the Government may require additional bond protection in an amount adequate to protect suppliers of labor and material.    **Parent topic:**  28.103 Performance and payment bonds for other than construction contracts.
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