Proposed Rule that Would Amend FAR Part 28—“Bond and Insurance” – 04/01/2010

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade organization of professional surety bond producers and brokers, representing over 5,000 personnel, who place bid, payment, and performance bonds for the Nation’s construction and infrastructure projects, I am contacting you to express our comments on FAR Case 2008-024, a proposed rule to amend multiple parts of the Federal Acquisition Regulation (FAR). Of particular interest and concern to us is that portion of the proposed rule that would amend FAR Part 28—“Bond and Insurance” to increase the threshold at which performance and payment bonds are required for federal construction contracts. The proposed rule would raise that threshold from $100,000 to $150,000.

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