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52.2281248 CFR Ch. 1 (10122 Edition)llllllllllllllllllllllll (b) The amount of the payment protection shall be 100 percent of the contract price. © The submission of the payment protection is required
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How to fill out 48 cfr part 28
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To fill out 48 CFR Part 28, follow these steps:
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Who needs 48 cfr part 28?
01
48 CFR Part 28, also known as the Bonding Requirements under the Miller Act, is needed by government contractors and individuals or organizations involved in federal construction projects. This regulation establishes the requirements for providing payment and performance bonds on federal construction contracts exceeding $25,000. Contractors and subcontractors who wish to bid on or perform such contracts need to comply with the bonding requirements outlined in 48 CFR Part 28.
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What is 48 cfr part 28?
48 CFR Part 28 concerns the Federal Acquisition Regulation (FAR) and outlines policies and procedures for the administration of contract insurance and bonds.
Who is required to file 48 cfr part 28?
Contractors and subcontractors who are involved in government contracts may be required to file under 48 CFR Part 28 depending on the terms of their contracts.
How to fill out 48 cfr part 28?
To fill out 48 CFR Part 28, entities must provide information regarding their required insurance and bonding, including coverage types and limits, in accordance with the guidelines set forth in the regulation.
What is the purpose of 48 cfr part 28?
The purpose of 48 CFR Part 28 is to ensure that contractors have appropriate insurance and bonding to safeguard government interests in contracts.
What information must be reported on 48 cfr part 28?
Information required includes types of insurance carried, coverage limits, and any bonding required under the terms of the contract.
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