# 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-

(a) Ensure completion of the work;

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

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

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

    [60 FR 49722, Sept. 26, 1995, as amended at 70 FR 57455, Sept. 30, 2005; 79 FR 24213, Apr. 29, 2014]