Policy on use.

In addition to the restriction on use of bid guarantees in 48 CFR 28.101-1(a), a bid guarantee may be required only for fixed price or unit price contracts entered into as a result of sealed bidding. They may not be required for negotiated contracts. [61 FR 41708, Aug. 9, 1996, as amended at 75 FR 29459, May 26, 2010]