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                            General Services Acquisition Manual (GSAM)
                            Subpart 528.1 - Bonds and Other Financial Protections
        
                  GSAM
GSAM
Change Number: Change 178 GSAR Case 2020-G511 Effective Date: 03/25/2024
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Subpart528.1528.2528.3
Section528.101528.102528.103528.106
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Subpart 528.1 - Bonds and Other Financial ProtectionsSubpart 528.1 - Bonds and Other Financial Protections 	  **Parent topic:**  Part 528 - Bonds and Insurance528.101 Bid guarantees. 	  528.101-1 Policy on use. 		    (a)  *Construction contracts*. The bid guarantee requirements in FAR 28.101-1(a) apply to contracts over $150,000awarded under Section 8(a)of the Small Business Act, as amended (  15 U.S.C. 637(a)). 				         				         					          (b)  *Building service contracts*. The contracting officer may require bid guarantees for building service contracts over $150,000 if it is determined under  528.103-2 that a performance bond is essential to protect the Government’s interest. 				         				         					          (c)  *All other contracts*. Refer to FAR 28.101 for guidance on the use of bid guarantees.528.102 Performance and payment bonds and alternative payment protections for construction contracts. 	  528.102-1 General. 		    (a) The performance and payment bond requirements in FAR 28.102-1 a apply to contracts over $150,000 awarded under Section 8(a) of the Small Business Act, as amended (  15 U.S.C. 637(a)). 				         				         					          (b) The payment protection requirements in FAR 28.102-1(b) apply to contracts greater than $35,000, but not greater than the $150,000, awarded under Section 8(a) of the Small Business Act, as amended (  15 U.S.C. 637(a)).528.103 Performance and payment bonds for other than construction contracts. 	  528.103-2 Performance bonds. 		    (a)  The contracting officer shall not require performance bonds for building service contracts unless a written determination is made explaining why the bond is essential to protect the Government’s interest and justifying the additional cost of the bonding requirement. 				         				         					          (b)  The contracting officer may require a performance bond for building service contracts over $150,000 awarded under Section 8(a) of the Small Business Act as amended (  15 U.S.C. 637(a)) if it is determined under  528.103-2(a) that a performance bond is essential to protect the Government's interest. 				         				         					          (c) The contracting officer shall not require a performance bond for building service contracts awarded to workshops for the blind or other severely handicapped under the Javits-Wagner-O’Day Act, as amended (  41 U.S.C. 8501-8506) 				         				         					          (d)  Consider the circumstances and determine the penal amount of the performance bond on a case-by-case basis.528.103-3 Payment bonds. 		    (a) The contracting officer may require payment bonds for other than construction contracts if the contracting director determines, under FAR 28.103-3, that such a requirement is in the Government’s interest. 				         				         					          (b)  Consider the circumstances and determine the penal amount of the payment bond on a case-by-case basis.528.106 Administration. 	  528.106-6 Furnishing information. 		    The HCA or designee performs the functions outlined in FAR 28.106‐6(c).
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