Code of Federal Regulations · Section
§ 28.103-3 — 28.103-3 Payment Bonds
48 C.F.R. § 28.103-3
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(a) A payment bond is required only when a performance bond is required, and if the use of payment bond is in the Government's interest.
(b) When a contract price is increased, the Government may require additional bond protection in an amount adequate to protect suppliers of labor and material.
Authorizing Statute
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Chapter 137 legacy provisions10 U.S.C. § 3016
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Administrative40 U.S.C. § 121
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Powers of the Administration in performance of functions51 U.S.C. § 20113