Requirement for guarantee of performance.
FederalRegulations
Ask Donna
How this section applies to your facts.
Title 48 CFR: Federal Acquisition Regulations System › Chapter 9: DEPARTMENT OF ENERGY › Part 970: DOE MANAGEMENT AND OPERATING CONTRACTS › Subpart 970.52: Subpart 970.52—Solicitation Provisions and Contract Clauses for Management and Operating Contracts › § 970.5209-1: Requirement for guarantee of performance.
Text
As prescribed in 970.0970-2, the contracting officer shall insert the following provision in solicitations for management and operating contracts:
Requirement for Guarantee of Performance (DEC 2000)
The successful offeror is required by other provisions of this solicitation to organize a dedicated corporate entity to carry out the work under the contract to be awarded as a result of this solicitation. The successful offeror will be required, as part of the determination of responsibility of the newly organized, dedicated corporate entity and as a condition of the award of the contract to that entity, to furnish a guarantee of that entity's performance. That guarantee of performance must be satisfactory in all respects to the Department of Energy.
(End of clause)
[65 FR 81009, Dec. 22, 2000, as amended at 74 FR 36374, July 22, 2009]
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.