Code of Federal Regulations · Section
§ 28.201 — 28.201 Requirements For Security
48 C.F.R. § 28.201
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(a) Agencies shall obtain adequate security for bonds (including coinsurance and reinsurance agreements) required or used with a contract for supplies or services (including construction). Acceptable forms of security include (1) corporate or individual sureties or (2) any of the types of security authorized in lieu of sureties by 28.204.
(b) Solicitations shall not preclude offerors from using the types of surety or other security permitted by this subpart, unless prohibited by law or regulation.
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