Submission of Surety's guarantee application.

CFR · 2024-01-01 · US · Title 13

(a) (b) (c) (d) (1) (2) (ii) (A) The Principal has previously defaulted on any contract or has had any claims or complaints filed against it with any court or administrative agency; (B) Work on the Contract commenced before a bond was Executed; (C) The time for completion of the Contract exceeds 12 months; (D) The Contract includes a provision for liquidated damages that exceed $2,500 per day; (E) The Contract involves asbestos abatement, hazardous waste removal, or timber sales; or (F) The bond would be issued under a surety bonding line approved under § 115.33.

official document · source cfr-2024 · id 13:§ 115.30