Skip to main content
GSAM

GSAM

Change Number: Change 192 GSAM Case 2024-G506
Effective Date: 10/28/2024

528.103-3 Payment bonds.

528.103-3 Payment bonds.

(a) The contracting officer may require payment bonds for other than construction contracts if the contracting director determines, under FAR 28.103-3, that such a requirement is in the Government’s interest.

(b)  Consider the circumstances and determine the penal amount of the payment bond on a case-by-case basis.