Performance Bonds. Unless the con- tracting officer determines that a less- er amount is adequate for the protec- tion of the Government, the penal amount of performance bonds must equal— (i) 100 percent of the original con- tract price; and (ii) If the contract price increases, an additional amount equal to 100 percent of the increase.
Appears in 5 contracts
Samples: Payment Protections Agreement, Escrow Agreement, Escrow Agreement
