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37.302 Bonds or other security.

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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-

      (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.