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37.302 Bonds or other security.

37.302 Bonds or other security.

When a contract is solely for dismantling, demolition, or removal of improvements, 40 U.S.C.chapter 31 , subchapter III, Bonds, (see 28.102 ) does not apply. However, the contracting officer may require the contractor to furnish a performance bond or other security (see 28.103 ) in an amount that the contracting officer considers adequate to-

  1. (a) Ensure completion of the work;

  2. (b) Protect property to be retained by the Government;

  3. (c) Protect property to be provided as compensation to the contractor; and

  4. (d) Protect the Government against damage to adjoining property.