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DSCR

DSCR I176B: BID GUARANTEE FOR USE IN NEGOTIATED ACQUISITIONS

I176B   52.228-9G03   BID GUARANTEE FOR USE IN NEGOTIATED   DSCR (MAY 2000)
AND                   ACQUISITIONS
I28F31


    (a)  If the solicitation contains FAR Clause 52.215-1, and conditions
for awarding a contract based on initial proposals received are met as
prescribed by FAR 15.306(a)(2), failure to furnish a bid guarantee in the
proper form and amount, by the closing date and time set for receipt of 
proposals, may be cause for rejection of the offer.

    (b)  The offeror shall furnish a bid guarantee in the form of a firm 
commitment, e.g., bid bond supported by good and sufficient surety or 
sureties acceptable to the Government, postal money order, certified check, 
cashier's check, irrevocable letter of credit, or, under Treasury Department 
regulations, certain bonds or notes of the United States.  The Contracting 
Officer will return bid guarantees, other than bid bonds,

         (1)  To unsuccessful offerors as soon as practicable after 
              award of a contract, and

         (2)  To the successful offeror upon execution of any contractual 
              documents and bonds (including any necessary coinsurance or 
              reinsurance agreements), as required by the offer as accepted.

    (c)  The amount of the bid guarantee shall be _______ percent of the bid 
price or $_______________, whichever is less.

    (d)  If the successful offeror, upon acceptance of its offer by the 
Government within the period specified for acceptance, fails to execute all 
contractual documents or furnish executed bond(s), the Contracting Officer 
may terminate the contract for default.

    (e)  Unless otherwise specified in the offer, the offeror will (1) 
allow 60 days for acceptance of its offer and (2) furnish the executed 
bond(s) within 10 days after receipt of the forms by the offeror.

    (f)  In the event the contract is terminated for default, the offeror 
is liable for any cost of acquiring the work that exceeds the amount of its 
offer, and the bid guarantee is available to offset the difference.