OMB Control No. 9000-0045, NASBP seeks clarifying instructions on the use of “expiration date” on Standard Forms (SF) – 07/13/2022

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association whose membership includes firms employing licensed surety bond producers placing bid, performance, and payment bonds throughout the United States, I am writing in response to notice OMB Control No. 9000-0045. NASBP supports the use of SF bond forms by federal procuring agencies, as NASBP views such forms as crucial and expeditious for facilitating and guaranteeing federal contracts. NASBP seeks clarifying information in the instructions for such forms on the use of the term “expiration date,” as the term “expiration date” without any explanation in the instructions to the forms has caused and continues to cause confusion and attendant delays on the part of some contracting officers and others during the procurement process.

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