40 USC 3132: Alternatives to payment bonds provided by Federal Acquisition Regulation
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40 USC 3132: Alternatives to payment bonds provided by Federal Acquisition Regulation Text contains those laws in effect on July 18, 2024
From Title 40-PUBLIC BUILDINGS, PROPERTY, AND WORKSSUBTITLE II-PUBLIC BUILDINGS AND WORKSPART A-GENERALCHAPTER 31-GENERALSUBCHAPTER III-BONDS
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§3132. Alternatives to payment bonds provided by Federal Acquisition Regulation

(a) In General.-The Federal Acquisition Regulation shall provide alternatives to payment bonds as payment protections for suppliers of labor and materials under contracts referred to in section 3131(a) of this title that are more than $25,000 and not more than $100,000.

(b) Responsibilities of Contracting Officer.-The contracting officer for a contract shall-

(1) select, from among the payment protections provided for in the Federal Acquisition Regulation pursuant to subsection (a), one or more payment protections which the offeror awarded the contract is to submit to the Federal Government for the protection of suppliers of labor and materials for the contract; and

(2) specify in the solicitation of offers for the contract the payment protections selected.

( Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1148 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
3132 40:270a note. Pub. L. 103–355, title IV, §4104(b)(2), Oct. 13, 1994, 108 Stat. 3342 .