27 DCMR 2709

2709. CONSENT OF SURETY

Last amended: 1988Length: 154 wordsOfficial source

Cite as D.C. Mun. Regs. tit. 27, ยง 2709

2709 CONSENT OF SURETY 2709.1 If a contract is modified, the contracting officer shall obtain the consent of surety in the following circumstances: (a) When an additional bond is obtained from another surety; (b) When no additional bond is required and the modification is beyond the scope of the original contract; or (c) When no additional bond is required and the modification does not change the scope of the contract but increases or decreases the contract price by more than twenty-five percent (25%) or fifty thousand dollars ($50,000). 2709.2 The contracting officer shall obtain the consent of surety for a novation agreement. 2709.3 The contracting officer shall obtain the consent of surety when a contract is to be awarded after the deadline set for contract award unless the written commitment of the surety extends to or beyond the date the contract is signed. SOURCE: Final Rulemaking published at 35 DCR 1603 (February 26, 1988).
27 DCMR 2709: 2709. CONSENT OF SURETY | Justis AI