PART 928鈥擝ONDS AND INSURANCE

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class="agov-regulation-title-text"><h1>DEAR</h1><p><b>Part Number:</b> <span id="open-left-side-menu-non-dita" data-type="dears" data-part="928">928</p></div> </div> <ul class="usa-nav__secondary-links"><li><a href="/dears/part-928%E2%80%94bonds-and-insurance" id="favorites-create-bookmark" title="Add Bookmark" aria-label="PART 928鈥擝ONDS AND INSURANCE" data-node="46880" data-title="PART 928鈥擝ONDS AND INSURANCE" target="_self"><img src="/modules/custom/agov_favorites/images/30px/bookmark-add.png" width="30" alt="PART 928鈥擝ONDS AND INSURANCE" /></a></li><li><a href="/get-bookmarks" id="favorites-open-bookmarks" title="Open bookmarks." aria-label="Open bookmarks." data-node="46880" data-title="Open bookmarks." target="_self"><img src="/modules/custom/agov_favorites/images/30px/bookmark-open.png" width="30" alt="Open bookmarks." /></a></li><li><a href="/node/46880/printable/print" id="print-page" title="Print PART 928鈥擝ONDS AND INSURANCE page." aria-label="Print PART 928鈥擝ONDS AND 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block-agov-nondita-regulation-title-block"> <div class="nopadding"> <h2 class="non-dita-regulation-title">Department of Energy Acquisition Regulation</h2> </div> </div> <div id="block-regulationpageblock" class="block block-agov-browse block-agov-regulation-page-block"> <div class="nextprev"><a href="/dears/subpart-927.70-reserved" class="docprevious docprevround" title="Previous" aria-label="Previous">芦 Previous</a><a href="/dears/subpart-928.1%E2%80%94bonds-and-other-financial-protections" class="docnext docnextround" title="Next" aria-label="Next">Next 禄</a></div> <div class="regulation-content"> PART 928—BONDS AND INSURANCE<article role="article" aria-labelledby="ariaid-title1"><article class="nested0" aria-labelledby="ariaid-title1" id="Part_928_T48_5032225"> <h1 class="title topictitle1" id="ariaid-title1">PART 928—BONDS AND INSURANCE </h1> <div class="body"> <p class="p"> <span class="ph">Authority: </span> 42 U.S.C. 7101 and 50 U.S.C. 2401 </p> <p class="p"> <span class="ph">Source: </span> 49 FR 12010, Mar. 28, 1984, unless otherwise noted. </p> <p class=" ListL1"> <a class="xref fm:TOC" href="/dears/part-928%E2%80%94bonds-and-insurance#Subpart_928_1_T48_50322251" title="Subpart 928.1—Bonds and Other Financial Protections" aria-label="Subpart 928.1鈥擝onds and Other Financial Protections. Link 0">Subpart 928.1—Bonds and Other Financial Protections</a> </p> <p class=" ListL2"> <a class="xref fm:TOC" href="/dears/part-928%E2%80%94bonds-and-insurance#Section_928_101_T48_5032225111" title="928.101 Bid guarantees." aria-label="928.101 Bid guarantees.. Link 1">928.101 Bid guarantees.</a> </p> <p class=" ListL2"> <a class="xref fm:TOC" href="/dears/part-928%E2%80%94bonds-and-insurance#Section_928_101-1_T48_5032225112" title="928.101-1 Policy on use." aria-label="928.101-1 Policy on use.. Link 2">928.101-1 Policy on use.</a> </p> <p class=" ListL2"> <a class="xref fm:TOC" href="/dears/part-928%E2%80%94bonds-and-insurance#Section_928_103_T48_5032225113" title="928.103 Performance and payment bonds for other than construction contracts." aria-label="928.103 Performance and payment bonds for other than construction contracts.. Link 3">928.103 Performance and payment bonds for other than construction contracts.</a> </p> <p class=" ListL2"> <a class="xref fm:TOC" href="/dears/part-928%E2%80%94bonds-and-insurance#Section_928_103-3_T48_5032225114" title="928.103-3 Payment bonds." aria-label="928.103-3 Payment bonds.. Link 4">928.103-3 Payment bonds.</a> </p> <p class=" ListL2"> <a class="xref fm:TOC" href="/dears/part-928%E2%80%94bonds-and-insurance#Section_928_103-70_T48_5032225115" title="928.103-70 Review of performance and payment bonds for other than construction." aria-label="928.103-70 Review of performance and payment bonds for other than construction.. Link 5">928.103-70 Review of performance and payment bonds for other than construction.</a> </p> <p class=" ListL1"> <a class="xref fm:TOC" href="/dears/part-928%E2%80%94bonds-and-insurance#Subpart_928_3_T48_50322252" title="Subpart 928.3—Insurance" aria-label="Subpart 928.3鈥擨nsurance. Link 6">Subpart 928.3—Insurance</a> </p> <p class=" ListL2"> <a class="xref fm:TOC" href="/dears/part-928%E2%80%94bonds-and-insurance#Section_928_301_T48_5032225211" title="928.301 Policy." aria-label="928.301 Policy.. Link 7">928.301 Policy.</a> </p> <p class=" ListL2"> <a class="xref fm:TOC" href="/dears/part-928%E2%80%94bonds-and-insurance#Section_928_370_T48_5032225212" title="928.370 Service-type insurance policies." aria-label="928.370 Service-type insurance policies.. Link 8">928.370 Service-type insurance policies.</a> </p> </div> <nav role="navigation" class="related-links"><div class="familylinks"><div class="parentlink"><strong>Parent topic:</strong> <a class="link String2Xref" href="/dears/subchapter-e%E2%80%94general-contracting-requirements" title="SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS" aria-label="SUBCHAPTER E鈥擥ENERAL CONTRACTING REQUIREMENTS. Link 9">SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS</a></div></div></nav><article class="topic nested1 SubPart" aria-labelledby="ariaid-title2" id="Subpart_928_1_T48_50322251"> <h2 class="title topictitle2 Subpart" id="ariaid-title2">Subpart 928.1—Bonds and Other Financial Protections</h2> <div class="body"> <p class="p"> <span class="ph">Source: </span> 61 FR 41708, Aug. 9, 1996, unless otherwise noted. </p> </div> <article class="topic concept nested2 Section" aria-labelledby="ariaid-title3" id="Section_928_101_T48_5032225111"> <h3 class="title topictitle3" id="ariaid-title3"> <span class="ph autonumber">928.101</span> Bid guarantees.</h3> </article> <article class="topic concept nested2 Section" aria-labelledby="ariaid-title4" id="Section_928_101-1_T48_5032225112"> <h3 class="title topictitle3" id="ariaid-title4"> <span class="ph autonumber">928.101-1</span> Policy on use.</h3> <div class="body conbody"> <p class="p P">In addition to the restriction on use of bid guarantees in 48 CFR 28.101-1(a), a bid guarantee may be required only for fixed price or unit price contracts entered into as a result of sealed bidding. They may not be required for negotiated contracts. </p> </div> </article> <article class="topic concept nested2 Section" aria-labelledby="ariaid-title5" id="Section_928_103_T48_5032225113"> <h3 class="title topictitle3" id="ariaid-title5"> <span class="ph autonumber">928.103</span> Performance and payment bonds for other than construction contracts.</h3> </article> <article class="topic concept nested2 Section" aria-labelledby="ariaid-title6" id="Section_928_103-3_T48_5032225114"> <h3 class="title topictitle3" id="ariaid-title6"> <span class="ph autonumber">928.103-3</span> Payment bonds.</h3> <div class="body conbody"> <p class="p P">A determination that is in the best interest of the Government to require payment bonds in connection with other than construction contracts may be made by the contracting officer on individual acquisitions. </p> </div> </article> <article class="topic concept nested2 Section" aria-labelledby="ariaid-title7" id="Section_928_103-70_T48_5032225115"> <h3 class="title topictitle3" id="ariaid-title7"> <span class="ph autonumber">928.103-70</span> Review of performance and payment bonds for other than construction.</h3> <div class="body conbody"> <p class="p P">A performance or payment bond, other than an annual bond, shall not antedate the contract to which it pertains. </p> </div> </article> </article> <article class="topic nested1 SubPart" aria-labelledby="ariaid-title8" id="Subpart_928_3_T48_50322252"> <h2 class="title topictitle2 Subpart" id="ariaid-title8">Subpart 928.3—Insurance</h2> <article class="topic concept nested2 Section" aria-labelledby="ariaid-title9" id="Section_928_301_T48_5032225211"> <h3 class="title topictitle3" id="ariaid-title9"> <span class="ph autonumber">928.301</span> Policy.</h3> <div class="body conbody"> <p class="p P">The DOE policies and procedures for indemnification of DOE contractors are set forth in 48 CFR part 50 and part 950. </p> </div> </article> <article class="topic concept nested2 Section" aria-labelledby="ariaid-title10" id="Section_928_370_T48_5032225212"> <h3 class="title topictitle3" id="ariaid-title10"> <span class="ph autonumber">928.370</span> Service-type insurance policies.</h3> <div class="body conbody"> <p class="p List1">(a) Service-type insurance policies are cost-reimbursement type contracts or subcontracts in which the insurer provides claim and loss adjustment services on a cost reimbursement basis, which satisfies state and Federal insurance requirements. </p> <p class="p List1">(b) Service-type insurance policies may be used with contracting officer approval, when one or more of the following conditions are present— </p> <p class="p List2">(1) Pure risk commercial insurance is not available or, if available, cost is not considered reasonable; </p> <p class="p List2">(2) Inherent risks in the contract are new and a part of the process of commercialization; </p> <p class="p List2">(3) The service-type insurance is needed to implement jointly funded projects; or </p> <p class="p List2">(4) The service-type insurance arrangement is considered in the Government's best interest. </p> </div> </article> </article> </article> </article> </div> <div class="nextprev"><a href="/dears/subpart-927.70-reserved" class="docprevious docprevround" title="Previous" aria-label="Previous">芦 Previous</a><a href="/dears/subpart-928.1%E2%80%94bonds-and-other-financial-protections" class="docnext docnextround" title="Next" aria-label="Next">Next 禄</a></div> </div> <div id="block-favoriteslinksblock" class="block block-agov-favorites block-agov-favorites-links-block"> <div id="favorites-container"><div id="favorites-header"><h4 id="favorites-heading">Favorite</h4><h4 id="favorites-close-bookmarks">X</h4></div> <div id="favorites-menu-container"></div> </div> </div> <div id="block-messagemodalblock" class="block block-agov-favorites block-agov-message-modal-block"> <div class="messages-overlay"><div id="messages-container"><div id="messages-header"></div> 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