Common use of Procurement and Construction Clause in Contracts

Procurement and Construction. 1. Grantee will comply with the applicable Departmental Regulations procurement requirements including but not limited to standards of conduct, open and free competition, access to contractor records, and equal employment opportunity requirements. 2. Grantee will, for construction contracts in excess of $100,000, provide performance and payment bonds for 100 percent of the contract price unless otherwise approved by the Grantor in accordance with applicable Departmental Regulations.