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FAC Number: 2024-03
Effective Date: 02/23/2024

28.103-3 Payment bonds.

28.103-3 Payment bonds.

(a) A payment bond is required only when a performance bond is required, and if the use of payment bond is in the Government’s interest.

(b) When a contract price is increased, the Government may require additional bond protection in an amount adequate to protect suppliers of labor and material.

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