Determina- tion of Amount of Contract. For a fixed price Contract, the amount of the Con- tract is the price excluding any op- tions. For a requirements Contract, the amount of the Contract is the price of the total estimated quantity to be or- dered under the Contract. For an in- definite quantity Contract, the amount of the Contract is the price of the spec- ified minimum quantity to be ordered under the Contract and, for each Order issued under such Contract, the price of each such Order. The amount of the Contract or Order to be bonded must not exceed the Applicable Statutory Limit as of the date:
(i) SBA approves a Prior Approval Surety’s request for a Bid Bond guar- xxxxx;
(ii) A Preferred Surety Executes a Bid Bond; or
(iii) The date Final Bonds (and any Ancillary Bonds) unrelated to an SBA- guaranteed Bid Bond are Executed by a Preferred Surety or by a Prior Ap- proval Surety following SBA’s approval of its request for a guarantee of Final Bonds.
Determina- tion of Amount of Contract. For a fixed price Contract, the amount of the Con- tract is the price excluding any op- tions. For a requirements Contract, the amount of the Contract is the price of the total estimated quantity to be or- dered under the Contract. For an in- definite quantity Contract, the amount of the Contract is the price of the spec-
