Bid Guarantees, Performance, Payments Bonds, and Alternative Payment Protection: FAR 52.228-1, 52.228-2, 52.228-13 thru 52.228-16; SF 24, 25, 25-A, 25-B, 34, 35, 273, 274, 275, 1414, 1415, 1416, 1418
Extension without change of a currently approved collection
No
Regular
Approved with change
08/23/2022
07/06/2022
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
08/31/2025
36 Months From Approved
08/31/2022
6,279
0
803
6,279
0
803
370,461
0
43,362
This clearance covers the information that offerors or contractors must submit to comply with the following Federal Acquisition Regulation (FAR) requirements:
FAR 52.228-1, Bid Guarantee. This provision (or clause) requires offerors or contractors to furnish a bid guarantee in the proper form and amount when a performance bond or a performance and payment bond is also required. (SF 24, Bid Bond; SF 34, Annual Bid Bond).
FAR 52.228-2, Additional Bond Security. This clause requires contractors to furnish additional bond security under certain circumstances. This clause is used both for construction and other than construction contracts. (SF 1414 Consent of Surety and SF 1415, Consent of Surety and Increase of Penalty).
FAR 52.228-13, Alternative Payment Protections. This clause requires contractors to submit one of the payment protections listed in the clause by the contracting officer, in construction contracts greater than $35,000 but not exceeding $150,000.
FAR 52.228-14, Irrevocable Letter of Credit. This clause requires offerors or contractors to provide certain information when they intend to use an irrevocable letter of credit (ILC) in lieu of a required bid bond, or to secure other types of required bonds such as performance and payment bonds. This clause is required in solicitations and contracts when a bid guarantee, or performance bond, or performance and payment bonds are required.
FAR 52.228-15, Performance and Payment Bonds-Construction. This clause requires contractors to provide performance and payment bonds in construction contracts exceeding $150,000 (SF 25, Performance Bond; SF 25-A, Payment Bond; SF 25-B, Continuation Sheet (for SF's 24, 25, and 25-A); SF 273, Reinsurance Agreement for a Bonds Statute Performance Bond; SF 274, Reinsurance Agreement for a Bonds Statute Payment Bond).
FAR 52.228-16, Performance and Payment Bonds-Other Than Construction. This clause requires contractors to furnish performance and payment bonds for other than construction contracts exceeding the simplified acquisition threshold only in certain circumstances. (SF 35, Annual Performance Bond; SF 275, Reinsurance Agreement in Favor of the United States; SF 1416, Payment Bond for Other Than Construction Contracts; SF 1418, Performance Bond for Other Than Construction Contracts).
SF 1415, SF 1414, SF 35, SF 275, Sf 1416, SF 24, SF 25, SF 25A, SF 25B, SF 34, SF 273, SF 274, Sf 1418
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table that charts list of burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
6,279
803
0
5,476
0
0
Annual Time Burden (Hours)
6,279
803
0
5,476
0
0
Annual Cost Burden (Dollars)
370,461
43,362
0
327,099
0
0
Yes
Miscellaneous Actions
No
The increase in responses and the associated increase in burden hours is an adjustment due to the use of the most current data available and a reassessment of the assumptions for which the burden was calculated as follows:
1. FAR 52.228-1. The annual burden was previously calculated assuming that this clause is only required for construction contracts. However, a bid guarantee may be required for other than construction contracts.
2. FAR 52.228-2. The annual burden was previously calculated assuming that this clause applies only for construction contracts. However, this clause may be required for other than construction contracts. The annual burden was previously calculated based on a percentage of total number of actions. Instead, additional data from FPDS was gathered to further identify when a surety is required.
3. FAR 52.228-13. The annual burden was previously calculated using a limited number of PSC codes. This was revised to identify all construction contracts beginning with PSC codes Y and Z2. Additionally, the threshold was tailored to align with the clause.
4. FAR 52.228-15. The annual burden was previously combined with FAR 52.228-1. Instead, the annual burden for each clause was calculated separately.
5. FAR 52.228-16. The annual burden was previously calculated based on a percentage of total number of actions. Instead, additional data from FPDS was gathered to further identify when this clause is required.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Bid Guarantees, Performance, Payments Bonds, and Alternative Payment Protection: FAR 52.228-1, 52.228-2, 52.228-13 thru 52.228-16; SF 24, 25, 25-A, 25-B, 34, 35, 273, 274, 275, 1414, 1415, 1416, 1418