Nemo Domestic Well Northern Hills Ranger District, Black Hills NF, South Dakota

A bid bond/offer guarantee shall be submitted at time of offer on a Standard Form 24 (SF24), Failure to provide the bid bond will render the offer non-responsive, resulting in its rejection. The required guarantee amount is 20% of the total offer price, not to exceed a maximum of $3 million. Alternative Payment Protections FAR 52.228-13 (July 2000) (a) The Contractor shall submit the following payment protections: Payment Bonds (b) The amount of the payment protection shall be 100% of the contract price. (c) The submission of the payment protection is required within 10 days of contract award. (d) The payment protection shall provide protection for the full contract performance period plus a one-year period. (e) Except for escrow agreements and payment bonds, which provide their own protection procedures, the Contracting Officer is authorized to access funds under the payment protection when it has been alleged in writing by a supplier of labor or material that a nonpayment has occurred, and to withhold such funds pending resolution by administrative or judicial proceedings or mutual agreement of the parties. (f) When a tripartite escrow agreement is used, the Contractor shall utilize only suppliers of labor and material that signed the escrow agreement. (End of clause) Payment Bond must be submitted using the mandatory Standard Form (SF) 25A. Please note that no substitute forms will be accepted. Payment Bonds are due no later than 10 calendar days after award and must be submitted to Contract Specialist, Holly Hlavac via email at [email protected] and Contracting Officer, Lucas Dahlman at [email protected] before work begins.