N--CUSTOMS HOUSE ELECTRICAL RENEWAL

The purpose of this amendment to the solicitation is to add FAR Clause 52.228-13 Alternative Payment Protections and remove FAR Clause 52.228-15 Performance and Payment Bonding. All other terms and conditions remain the same.
52.228-13 Alternative Payment Protections.
As prescribed in 28.102-3(b), insert the following clause:

Alternative Payment Protections (July 2000)

(a) The Contractor shall submit one of the following payment protections:

A Payment Bond, An Irrevocable Letter of Credit, or a Tripartite Escrow Agreement.

(b) The amount of the payment protection shall be 100 percent of the contract price.

(c) The submission of the payment protection is required within 10 calendar days of contract award.

(d) The .... Read More