48 C.F.R. PART 528—BONDS AND INSURANCE


Title 48 - Federal Acquisition Regulations System


Title 48: Federal Acquisition Regulations System

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PART 528—BONDS AND INSURANCE

Section Contents

Subpart 528.2—Sureties and Other Security for Bonds

528.202   Acceptability of corporate sureties.

Subpart 528.3—Insurance

528.310   Contract clause for work on a Government installation.


Authority:  40 U.S.C. 486(c).

Source:  64 FR 37221, July 9, 1999, unless otherwise noted.

Subpart 528.2—Sureties and Other Security for Bonds
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528.202   Acceptability of corporate sureties.
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Corporate surety bonds must be manually signed by the Attorney-in-Fact or officer of the surety company and the corporate seal affixed. You may waive failure of the surety to affix the corporate seal as a minor informality. (See B–184120, July 2, 1975, 75–2 CPD 9.)

Subpart 528.3—Insurance
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528.310   Contract clause for work on a Government installation.
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(a) Insert the clause at 552.228–70, Workers' Compensation Laws, in each solicitation and contract that meets all the following conditions:

(1) The contract amount is expected to exceed the simplified acquisition threshold.

(2) The contract will require work to be performed on Government property.

(b) In the case of an owner-controlled insurance program, or wrap-up insurance, the clause will be a part of the policy holder's requirements.

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