Federal Acquisition Regulation
Bonds or other security
FAR 37.302
When a contract is solely for dismantling, demolition, or removal of improvements,40 U.S.C. chapter 31 , subchapter III, Bonds, (see Performance and payment bonds and alternative payment protections for construction contracts (FAR 28.102) ) does not apply. However, the contracting officer may require the contractor to furnish a performance bond or other security (see Performance and payment bonds for other than construction contracts (FAR 28.103) ) in an amount that the contracting officer considers adequate to- (a) Ensure completion of the work; (b) Protect property to be retained by the Government; (c) Protect property to be provided as compensation to the contractor; and (d) Protect the Government against damage to adjoining property.
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