Information Collection; Bid Guarantees, Performance and Payment Bonds, and Alternative Payment Protection
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Issuing agencies
Abstract
In accordance with the Paperwork Reduction Act of 1995 and the Office of Management and Budget (OMB) regulations, DoD, GSA, and NASA invite the public to comment on an extension concerning bid guarantees, performance and payment bonds, and alternative payment protections. DoD, GSA, and NASA invite comments on: Whether the proposed collection of information is necessary for the proper performance of the functions of Federal Government acquisitions, including whether the information will have practical utility; the accuracy of the estimate of the burden of the proposed information collection; ways to enhance the quality, utility, and clarity of the information to be collected; and ways to minimize the burden of the information collection on respondents, including the use of automated collection techniques or other forms of information technology. OMB has approved this information collection for use through August 31, 2022. DoD, GSA, and NASA propose that OMB extend its approval for use for three additional years beyond the current expiration date.
Full Text
<html>
<head>
<title>Federal Register, Volume 87 Issue 83 (Friday, April 29, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 83 (Friday, April 29, 2022)]
[Notices]
[Pages 25487-25488]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-09154]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF DEFENSE
GENERAL SERVICES ADMINISTRATION
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
[OMB Control No. 9000-0045; Docket No. 2022-0053; Sequence No. 14]
Information Collection; Bid Guarantees, Performance and Payment
Bonds, and Alternative Payment Protection
AGENCY: Department of Defense (DOD), General Services Administration
(GSA), and National Aeronautics and Space Administration (NASA).
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Paperwork Reduction Act of 1995 and the
Office of Management and Budget (OMB) regulations, DoD, GSA, and NASA
invite the public to comment on an extension concerning bid guarantees,
performance and payment bonds, and alternative payment protections.
DoD, GSA, and NASA invite comments on: Whether the proposed collection
of information is necessary for the proper performance of the functions
of Federal Government acquisitions, including whether the information
will have practical utility; the accuracy of the estimate of the burden
of the proposed information collection; ways to enhance the quality,
utility, and clarity of the information to be collected; and ways to
minimize the burden of the information collection on respondents,
including the use of automated collection techniques or other forms of
information technology. OMB has approved this information collection
for use through August 31, 2022. DoD, GSA, and NASA propose that OMB
extend its approval for use for three additional years beyond the
current expiration date.
DATES: DoD, GSA, and NASA will consider all comments received by June
28, 2022.
ADDRESSES: DoD, GSA, and NASA invite interested persons to submit
comments on this collection through <a href="https://www.regulations.gov">https://www.regulations.gov</a> and
follow the instructions on the site. This website provides the ability
to type short comments directly into the comment field or attach a file
for lengthier comments. If there are difficulties submitting comments,
contact the GSA Regulatory Secretariat Division at 202-501-4755 or
<a href="/cdn-cgi/l/email-protection#90d7c3d1c2f5f7c3f5f3d0f7e3f1bef7ffe6"><span class="__cf_email__" data-cfemail="6f283c2e3d0a083c0a0c2f081c0e41080019">[email protected]</span></a>.
Instructions: All items submitted must cite OMB Control No. 9000-
0045, Bid Guarantees, Performance and Payment Bonds, and Alternative
Payment Protection. Comments received generally will be posted without
change to <a href="https://www.regulations.gov">https://www.regulations.gov</a>, including any personal and/or
business confidential information provided. To confirm receipt of your
comment(s), please check <a href="http://www.regulations.gov">www.regulations.gov</a>, approximately two-to-
three days after submission to verify posting.
FOR FURTHER INFORMATION CONTACT: Ms. Marissa Ryba, Procurement Analyst,
at telephone 314-586-1280, or <a href="/cdn-cgi/l/email-protection#4d202c3f243e3e2c633f342f2c0d2a3e2c632a223b"><span class="__cf_email__" data-cfemail="6e030f1c071d1d0f401c170c0f2e091d0f40090118">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
A. OMB Control Number, Title, and Any Associated Form(s)
9000-0045, Bid Guarantees, Performance and Payment Bonds, and
Alternative Payment Protection, Standard Forms (SF) 24, 25, 25-A, 25-B,
34, 35, 273, 274, 275, 1415, 1416, and 1418.
B. Need and Uses
This justification supports an extension of the expiration date of
OMB Control No. 9000-0045. This clearance covers the information that
offerors or contractors must submit to comply with the following
Federal Acquisition Regulation (FAR) requirements:
FAR 52.228-1, Bid Guarantee. This provision (or clause) requires
offerors or contractors to furnish a bid guarantee in the proper form
and amount when a performance bond or a performance and payment bond is
also required. (SF 24, Bid Bond; SF 34, Annual Bid Bond).
FAR 52.228-2, Additional Bond Security. This clause requires
[[Page 25488]]
contractors to furnish additional bond security under certain
circumstances. This clause is used both for construction and other than
construction contracts. (SF 1415, Consent of Surety and Increase of
Penalty).
FAR 52.228-13, Alternative Payment Protections. This clause
requires contractors to submit one of the payment protections listed in
the clause by the contracting officer, in construction contracts
greater than $35,000 but not exceeding $150,000.
FAR 52.228-14, Irrevocable Letter of Credit. This clause requires
offerors or contractors to provide certain information when they intend
to use an irrevocable letter of credit (ILC) in lieu of a required bid
bond, or to secure other types of required bonds such as performance
and payment bonds. This clause is required in solicitations and
contracts when a bid guarantee, or performance bond, or performance and
payment bonds are required.
FAR 52.228-15, Performance and Payment Bonds-Construction. This
clause requires contractors to provide performance and payment bonds in
construction contracts exceeding $150,000 (SF 25, Performance Bond; SF
25-A, Payment Bond; SF 25-B, Continuation Sheet (for SF's 24, 25, and
25-A); SF 273, Reinsurance Agreement for a Bonds Statute Performance
Bond; SF 274, Reinsurance Agreement for a Bonds Statute Payment Bond).
FAR 52.228-16, Performance and Payment Bonds-Other Than
Construction. This clause requires contractors to furnish performance
and payment bonds for other than construction contracts exceeding the
simplified acquisition threshold only in certain circumstances. (SF 35,
Annual Performance Bond; SF 275, Reinsurance Agreement in Favor of the
United States; SF 1416, Payment Bond for Other Than Construction
Contracts; SF 1418, Performance Bond for Other Than Construction
Contracts).
The bid guarantees, bonds, or alternative payment protections are
retained by the Government until the contractor's obligation is
fulfilled.
C. Annual Burden
Respondents: 6,279.
Total Annual Responses: 6,279.
Total Burden Hours: 6,279.
Obtaining Copies: Requesters may obtain a copy of the information
collection documents from the GSA Regulatory Secretariat Division by
calling 202-501-4755 or emailing <a href="/cdn-cgi/l/email-protection#e1a6b2a0b38486b28482a1869280cf868e97"><span class="__cf_email__" data-cfemail="c087938192a5a793a5a380a7b3a1eea7afb6">[email protected]</span></a>. Please cite OMB
Control No. 9000-0045, Bid Guarantees, Performance and Payment Bonds,
and Alternative Payment Protection.
Janet Fry,
Director, Federal Acquisition Policy Division, Office of Governmentwide
Acquisition Policy, Office of Acquisition Policy, Office of
Governmentwide Policy.
[FR Doc. 2022-09154 Filed 4-28-22; 8:45 am]
BILLING CODE 6820-EP-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.