Difference between revisions of "FAR 52.228-1 - Bid Guarantee"
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Revision as of 14:37, 12 June 2014
Prescribed in 28.101-2 | |
| Effective Date: | |
| Clause or Provision: | "Either" is not in the list of possible values (Clause, Provision) for this property. |
| Provision or Clause Number: | 52.228-1 - Bid Guarantee |
| Principle Type And/Or Purpose of Contract: | |
| Required: | |
| Applicable: | Fixed Price Supply; Cost Reimbursement Supply; Fixed Price Research and Development; Cost Reimbursement Research and Development; Fixed Price Service; Cost Reimbursement Service; Fixed Price Construction; Cost Reimbursement Construction; Time and Materials/Labor Hour; Leasing of Motor Vehicles; Communication Services; Dismantling, Demolition, or Removal of Improvements; Architect-Engineering; Facilities; Indefinite Delivery; Transportation; Simplified Acquisition Procedures; Utility Services; |
| Optional: | |
| Subject: | |
| ProcurementType: | |
| Contract Threshold: | |
| Prescription Overview: | |
| Clause Overview: |
Requires bidder to furnish a bid guarantee in the form of a firm commitment, e.g., bid bond, postal money order, certified check, cashier's check, irrevocable letter of credit, etc. |
| Important Notes/Requirements: |
More commonly found in contracts for construction or professional engineering & design solicitations. |
| Subcontract Threshold: | |
| Incorporated by Reference: | Yes |
| Uniform Contract Format: | I |
| Editor: | |
Personal notes.
