48 CFR 37.302 : Federal Acquisition Regulations System (Section 1.000 To Parts 9906-9999) — Federal Acquisition Regulation (Parts 1 - 99) (Section 1.000 To Parts 54-99) — Special Categories Of Contracting (Parts 34 - 41) (Section 34.000 To Section 41.702) — Service Contracting (Section 37.000 To Section 37.604) — Dismantling, Demolition, Or Removal Of Improvements (Section 37.300 To Section 37.304) — Bonds or other security.

31 Dec 2014

When a contract is solely for dismantling, demolition, or removal of improvements, 40 U.S.C. chapter 31, subchapter III, Bonds, (see 28.102) does not apply. However, the contracting officer may require the contractor to furnish a performance bond or other security (see 28.103) in an amount that the contracting officer considers adequate to (a) ensure completion of the work, (b) protect property to be retained by the Government, (c) protect property to be provided as compensation to the contractor, and (d) protect the Government against damage to adjoining property.

48 CFR 37.302
[60 FR 49722, Sept. 26, 1995, as amended at 70 FR 57455, Sept. 30, 2005; 79 FR 24213, Apr. 29, 2014]