§ 115.64. Timeliness requirement.
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/us/cfr/t13/s§ 115.64·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There must be no Execution or approval of a bond by a PSB Surety after commencement of work under a Contract unless the Surety obtains written approval from the D/SG. To apply for such approval, the Surety must submit a completed "Surety Bond Guarantee Agreement Addendum" (SBA Form 991), together with the evidence and certifications described in § 115.19(f)(1)(ii). For purposes of this section, work has commenced under a Contract when a Principal takes any action related to the contract or bond that would have exposed its Surety to liability under applicable law had a bond been Executed (or approved, if the Surety is legally bound by such approval) at the time. \[61 FR 3271, Jan. 31, 1996, as amended at 87 FR 48084, Aug. 8, 2022\]
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§ 115.64
Timeliness requirement.
Fed. Reg.×2
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