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<br /> )v-:_~:::-,: \ ,<:\\ <:r <br /> ~ra~~ee or 5~~gra~~~e ~ha: :~ :s ==~~~::~; ~i:h ~~ese s:a~~ar¿3, ~ <br /> ;ra~tee or 5~=gra~~e~ ~ill =:~e s;e=:::= ?roceè~res. reg~~a::~~s, <br /> s:a~dards, e:c" as be:ng :~ ==~?::a~=e ~:th these requ:re~e~:s a~j ha~~ <br /> ::5 system a~a::ab:e :or re~:e~, <br /> (h) Sor.d::1.g req'..lirerr-e~:s. ==r =Q,.s:r'..:=tion or :.3.=::::':' :r:.;:r:;':~~e;;: <br /> ==~tracts or subcontractsex=eeding the simplified acquisition <br /> threshold, the a~arding age;;=y may accept the bonding po::=y a~j <br /> requirements of the grantee or s~bgrantee provided the a'....ardi;;g agency <br /> has made a determination that the awarding agency's interest ' - <br /> -'" <br /> adequately protected. If su=h a determination has not been made, the <br /> minimum requirements shall be as follows: <br /> (1) A bid guarantee from each bidder equivalent to five percent of <br /> the bid price. The --bid guarantee" shall consist of a firm commitment <br /> such as a bid bond, certified check, or other negotiable instrument <br /> accompanying a bid as assurance that the bidder will, upon acceptance of <br /> his bid, execute such contractual documents as may be required ~ithin <br /> the time sped f ied. <br /> (2) A performance bond 0:1. the part of the contractor for 100 percent <br /> of the contract price. A --performance bond' I is one executed in <br /> connection with a contract to secure fulfillment of all the contractor's <br /> obligations under such contract, <br /> (3) A payment bond on the part of the contractor for 100 percent of <br /> the contract price. A - -pay::"ent bond r, is one executed in conne=tion <br /> ~ith a contract to assure pa:nnent as required by law of all persons <br /> supplying labor and material in the execution of the work provided for <br /> in the contract. <br /> (i) Contract provisions. A grantee's and subgrantee's contracts must <br /> contain provisions in paragraph (i) of this section. Federal agencies <br /> are permitted to require changes, remedies, changed conditions, access <br /> and records retention, suspe~sion of work, and ot~er clauses approved by <br /> the Office of Federal [Pre',' :-:it1 [Next ::it1 Procurement Policy. <br /> (1) Administrative, cor.:ractual, or legal remedies in instances <br /> ~here contractors violate or breach contract terms, and provide for such <br /> sanctions and penalties as ~a.y be appropriate. (Cc:1.tracts more than the <br /> simplified acquisition threshold) <br /> (2) Termination for ca~se and for convenience by the grantee or <br /> subgrantee including the ma~:1.er by which it will be effected a~d the <br /> basis for set:tleme~t. (Þ.ll ==ntracts in excess 0: 510,00Oì <br /> (3) Compliance with Exe=utive Order 112~ó of Septembe:: 24, 1965, <br /> ent:itled '-::qual Employmer:: Jpportu!".ity," as arr-e:::::.ed by ::xec'..::ive Order <br /> 11375 of O~~~be:: 13, 1967, a~à as supple~e~ted i:: ~epar:~e~t 0: Labo:: <br /> regulations ;~l C?~ chapter 50). (All construction contracts a~arded i!". <br /> excess of 510,000 br grantees a::d their contracto::s or s'..:bgra~:ees) <br /> (~) Co::-,pliance ',¡:.th the :opela!".d --.;',:1ci-Kickback" .:;=: (lB U,S.C. <br /> 374) as supplemented in Depa::tment of Labor regulations (29 C?? Part 3). <br /> (All contraccs and subgran:s for construction or repair) <br /> (5) Compliance with the Qavis-Bacon Act (40 U.$,C. 276a to 276a-7) <br /> as supplemented by Departme::: of Labor regulatio~s (29 C=? Part 5). <br /> (Construction contracts in excess of $2000 awarde:::. by grantees a!".d <br /> subgrantees when required by Federal grant progra~ legislation) <br /> (6) Compliance with Sections 103 and 107 of the Contract Work Hours <br /> and Safety Standards Act (40 U.S.C. 327-330) as s'..:::olerr-e~ted bv <br /> Department of Labor regulat:.ons (29 CFR Part 5). (Cònstruction'contracts <br /> awarded by gra!".tees and subgrantees in excess of $2000, a~d in excess of <br /> $2500 for other cor:tracts ~hich involve the emplo!~ent 0: mechanics or <br /> laborers) <br /> (7) Not:.ce of a~arding 3ge!".cy require~e!".ts a:::::' regulations <br /> pertaining to reporting. <br /> (8) Notice of a~arding agency requirements a:::::' regula::.ons <br /> pertaining to patent rights ~ith respect: to any è:scove~! or invention <br /> which arises or is develope:::' in the course of or u::der s'..:ch contract,- <br /> - c:" ~ O!::QqS¡~:~2:'- <br />