48 CFR 28.103-3

28.103-3 Payment bonds.

United States · 48 CFR — Federal Acquisition Regulations System · Status: effective

Cite this

Citation: 48 CFR 28.103-3, 28.103-3 Payment bonds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/240666
Permanent ID: ys:prov:240666@1
SHA-256: f71bd09d71da0e551bbeb65a8abb187394b9f13cb353d94ece3eb4327293999f

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Full text

(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.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.