Source: https://www.va.gov/oal/library/vaar/vaar828.asp
Timestamp: 2017-01-24 20:13:24
Document Index: 542504376

Matched Legal Cases: ['art 828', 'art 825', 'art 829', 'art 828', 'art 828', 'art 828', 'art 828']

Part 828 - Bonds and Insurance - Office of Acquisition and Logistics (OAL)
« VAAR Part 825
VAAR Part 829 »
Safekeeping and return of bid guarantee.
828.106
Subpart 828.2—Sureties and Other Security For Bonds
828.203
828.203-7
Subpart 828.71—Indemnification of Contractors, Medical Research or Development Contracts
Approval for indemnification.
AUTHORITY: 38 U.S.C. 501, 8127, 8128 and 8151–8153; 40 U.S.C. 121(c); and 48 CFR 1.301–1.304.
828.101 Bid guarantees.
828.101-2 Solicitation provision or contract clause.
When a bid bond is required for supplies or services, the phrase “any cost of acquiring the work” in paragraph (e) of the Bid Guarantee clause in FAR 52.228-1 may be modified to refer to the cost of “supplies,” “services,” etc.
828.101-70 Safekeeping and return of bid guarantee.
(a) The contracting officer must retain, in a safe, certified checks or other negotiable security provided as bid security for the three lowest acceptable bids. After the contract and contract bonds have been signed and approved, the contracting officer must return the certified checks or other negotiable securities either:
(1) In person to the bidder who provides a proper receipt; or
(2) By any method that will provide evidence that the bidder received the security.
(b) The contracting officer should promptly return certified checks or other negotiable security furnished in support of bids, other than those determined to be the three lowest acceptable bids, to the respective bidders either:
(c) The contracting officer will not return commercial bid bonds unless specifically requested to do so by the bidders. If any of the three low bidders request the return of a commercial bid bond, the contracting officer will not return those bid bonds until the contract and contract bonds have been executed by the successful bidder and approved by the contracting officer or all bids have been rejected.
828.106-6 Furnishing information.
The contracting officer for the applicable contract will furnish copies of payment bonds to a requestor under the provisions of FAR 28.106-6(c) .
When performance and payment bonds or payment protection are required, the contract must contain the clause in 852.228-70, Bond premium adjustment.
Subpart 828.2 - Sureties and Other Security for Bonds
828.203 Acceptability of individual sureties.
828.203-7 Exclusion of individual sureties.
The DSPE may make the determinations referenced in FAR 28.203-7 :
(a) To exclude individuals from acting as surety on bonds; and
(b) To accept bonds from individuals named on the Excluded Parties List System.
(a) Term contracts, or contracts of a continuing nature, for ambulance, automobile and aircraft service, must contain the provision in 852.228-71, Indemnification and insurance.
Subpart 828.71 - Indemnification of Contractors, Medical Research or Development Contracts
828.7100 Scope of subpart.
(a) This subpart sets forth the policies and procedures concerning indemnification of contractors performing contracts covering medical research or development that involve risks of an unusually hazardous nature, as authorized by 38 U.S.C. 7317.
(b) The authority to indemnify the contractor under this subpart does not create any rights to third parties that would not otherwise exist by law.
(c) As used in this subpart, the term “contractor” includes subcontractors of any tier under a contract containing an indemnification provision under 38 U.S.C. 7317. (38 U.S.C. 7317)
828.7101 Approval for indemnification.
(a) The Secretary of Veterans Affairs will make the approval determinations for the indemnification of contractors.
(b) Contracting officers must submit requests for approval, together with all available information, to the DSPE for submission to the SPE, who will forward the request to the Secretary for approval. (38 U.S.C. 7317)
828.7102 Extent of indemnification.
(3) The losses or liability are not covered by the financial protection required under 828.7103.
828.7103 Financial protection.
(a) A contractor must have and maintain an amount of financial protection to cover liability to third persons and loss of or damage to the contractor’s property that meets one of the following:
(1) The maximum amount of insurance available from private sources.