Common use of Performance Bonds Clause in Contracts

Performance Bonds. Unless the con- tracting officer determines that a less- er amount is adequate for the protec- tion of the Government, the penal amount of performance bonds must equal—

Performance Bonds. Unless the con- tracting officer determines that a less- er amount is adequate for the protec- tion of the Government, the penal 48 CFR Ch. 1 (10–1–11 Edition) amount of performance bonds must equal—