§ 1-10.204-2 Certified or cashier's checks, bank drafts, money orders, currency, or irrevocable letters of credit. Any person required to furnish a bond has the option, in lieu of furnishing surety or sureties thereon, of depositing a certified or cashier's check, a bank draft, a Post Office money order, currency, or an irrevocable letter of credit, in an amount equal to the penal sum of the bond. Certified or cashier's checks, bank drafts, or Post Office money orders shall be drawn to the order of the appropriate Federal agency. § 1-10.205 Consent of surety. In connection with any amendment, modification, or supplemental agreement with respect to which the waiver of notice to the surety contained in the bond form is inapplicable and which would otherwise effect the release of a surety, or in any other situation as prescribed by each agency, the contracting officer shall obtain the written consent thereto of the surety or sureties on the existing bond or bonds (notwithstanding the fact that there may be an additional bond supported by a new surety); provided, that no such consent need be obtained if there is an increased or additional bond supported by the same surety or sureties. tory authority for the paymen surance premiums, appropr moneys of the United States get are not regarded as available f purpose. There are, however tions to these two statements ance will be required where it datory by law, and may be req the absence of any statutory tion when in the best interes Government. Examples of s which may warrant obtaining ance are (a) where it is consic sirable to utilize the facilities a ices of the insurance indust safety protection and claim (b) where, in special instans deemed necessary or desirab nection with the performan contract (e.g., transportation ticularly valuable items), or commingling of property or th tions of the contract make the ing of insurance reasonably for the protection of the sever ests concerned. § 1-10.302 Notice of cancella change. Where insurance is require tract provision or in writing i proving authority, the po dencing such insurance sha an endorsement to the effec cellation or material chan policies, adversely affecting est of the Government in ance, shall not be effective written notice as required proving authority is given. § 1-10.303 Responsibility for damage to Government pr Where Government prop in the possession of or un trol of the contractor, or i dy of a transportation co contract shall set forth t bility of the contractor fo damage to such Governme § 1-10.304 Insurance agains damage to Government p In instances where insu quired or approved to cov damage to Government pr insurance may be provide specific insurance policies, sion of such risks in the formance of a public work contract or (2) in the performance of any contract approved or financed pursuant to the Foreign Assistance Act of 1961 (P.L. 87-195) other than (i) contracts approved or financed by the Development Loan Fund except where the Secretary of Labor, acting upon the recommendation of any department or agency of the United States, determines that such contracts should be covered, or (ii) contracts exclusively for the furnishing of materials or supplies. As used in this paragraph, a "public work" contract includes any contract for a fixed improvement or any project, whether or not fixed, involving construction, alteration, removal, or repair for the public use of the United States or its allies, including projects or operations under service contracts and projects in connection with the national defense or with war activities, dredging, harbor improvements, dams, roadways, and housing, as well as preparatory and ancillary work in connection therewith at the site or on the project. The following clause shall be included in all contracts subject to the Defense Base Act unless applicability of that Act has been waived by the Secretary of Labor as provided in paragraph (b) of this § 1-10.402: WORKMEN'S COMPENSATION INSURANCE The Contractor before commencing performance under this contract shall provide and thereafter maintain such Workmen's Compensation Insurance or security as is required by the Defense Base Act, as amended (42 U.S.C. 1651 et seq.). The Contractor further agrees to insert in all subcontracts hereunder to which the Defense Base Act is applicable, a clause similar to this clause, including this sentence, imposing on all such subcontractors a like requirement to comply with the Defense Base Act. (b) Upon the recommendation of the head of the agency concerned, the Secretary of Labor may waive the applicability of the Defense Base Act with respect to any contract, subcontract, or subordinate contract, work location, or classification of employees. -79--38 § 1-10.204-2 Certified or cashier's checks, bank drafts, money orders, currency, or irrevocable letters of credit. Any person required to furnish a bond has the option, in lieu of furnishing surety or sureties thereon, of depositing a certified or cashier's check, a bank draft, a Post Office money order, currency, or an irrevocable letter of credit, in an amount equal to the penal sum of the bond. Certified or cashier's checks, bank drafts, or Post Office money orders shall be drawn to the order of the appropriate Federal agency. § 1-10.205 Consent of surety. In connection with any amendment, modification, or supplemental agreement with respect to which the waiver of notice to the surety contained in the bond form is inapplicable and which would otherwise effect the release of a surety, or in any other situation as prescribed by each agency, the contracting officer shall obtain the written consent thereto of the surety or sureties on the existing bond or bonds (notwithstanding the fact that there may be an additional bond supported by a new surety); provided, that no such consent need be obtained if there is an increased or additional bond supported by the same surety or sureties. $1-10.206 Furnishing sureties. information to The surety on any bond executed in connection with a Government contract, upon its written request, shall be furnished with information as to the progress of the work, payments, and the estimated percentage of completion. Subpart 1-10.3-Insurance-General $1-10.300 Scope of subpart. This subpart sets forth principles and policies applicable to insurance under contracts for supplies and servwes including construction. $1-1031 General Ordinary, it is the policy of the ཆུས སྔར བ :|:ཀྱང ལམ གན དན ཆོ བཀུར་པས་ར་ ང་ ོན་ risks. In the absence of specific state tory authority for the payment of § 1-10.302 Notice of cancellation Where insurance is required tract provision or in writing by t proving authority, the police dencing such insurance shall an endorsement to the effect the cellation or material change policies, adversely affecting the est of the Government in such ab ance, shall not be effective unde written notice as required by proving authority is given. § 1-10.303 Responsibility for los damage to Government property Where Government property in the possession of or under t trol of the contractor, or in the ar dy of a transportation compa contract shall set forth the rea bility of the contractor for s damage to such Government pr § 1-10.304 Insurance against he damage to Government proper In instances where insuranc quired or approved to cover in H damage to Government proper 33 insurance may be provided el es specific insurance policies, or sion of such risks in the com nsurance policies. When apthe insurance policies shall nal disclosure of the Governerest in the property. Procedures to be followed in nt of loss or damage to Governroperty. ne happening of loss of or O any Government property, g which the contractor is reresponsibility by contract the procedure to be followed 5 prescribed by the agency. 1-10.4-Insurance Under ixed-Price Contracts Scope of subpart. bpart sets forth general polirespect to insurance under e contracts for supplies and ncluding construction). Policy. ily Government agencies are erned with the insurance profixed-price contractors. Howncies may be concerned with rance programs when special nces exist. Examples of spemstances include the follow è contractor is engaged princiGovernment work. e contractor has a segregated n which is engaged principally nment work. vernment-furnished property ed. e work required by the conperformed within a Governablishment. e Government may desire to -isks for which the contractor y obtains commercial insur Workmen's compensation in ce overseas. e Defense Base Act, as amend.S.C. 1651 et seq.), extends the ion of the Longshoremen's rbor Workers' Compensation U.S.C. 901 et seq.) to various of employees engaged in work the United States, including ployee engaged (1) in the per formance of a public work contract or (2) in the performance of any contract approved or financed pursuant to the Foreign Assistance Act of 1961 (P.L. 87-195) other than (i) contracts approved or financed by the Development Loan Fund except where the Secretary of Labor, acting upon the recommendation of any department or agency of the United States, determines that such contracts should be covered, or (ii) contracts exclusively for the furnishing of materials or supplies. As used in this paragraph, a "public work" contract includes any contract for a fixed improvement or any project, whether or not fixed, involving construction, alteration, removal, or repair for the public use of the United States or its allies, including projects or operations under service contracts and projects in connection with the national defense or with war activities, dredging, harbor improvements, dams, roadways, and housing, as well as preparatory and ancillary work in connection therewith at the site or on the project. The following clause shall be included in all contracts subject to the Defense Base Act unless applicability of that Act has been waived by the Secretary of Labor as provided in paragraph (b) of this § 1-10.402: WORKMEN'S COMPENSATION INSURANCE The Contractor before commencing performance under this contract shall provide and thereafter maintain such Workmen's Compensation Insurance or security as is required by the Defense Base Act, as amended (42 U.S.C. 1651 et seq.). The Contractor further agrees to insert in all subcontracts hereunder to which the Defense Base Act is applicable, a clause similar to this clause, including this sentence, imposing on all such subcontractors a like requirement to comply with the Defense Base Act. (b) Upon the recommendation of the head of the agency concerned, the Secretary of Labor may waive the applicability of the Defense Base Act with respect to any contract, subcontract, or subordinate contract, work location, or classification of employees. 0-79-38 $1-10.2004-2 Certified or cashier's checks, bank drafta, money orders, currency. or irrevocable letters of credit. Any person required to furnish a bond has the option, in lieu of furnishing surety or sureties thereon, of depositing a certified or cashier's check, a bank draft, a Post Office money order, currency, or an irrevocable letter of credit, in an amount equal to the penal sum of the bond. Certified or cashier's checks, bank drafts, or Post Office money orders shall be drawn to the order of the appropriate Federal agency. § 1-10.205 Consent of surety. In connection with any amendment, modification, or supplemental agreement with respect to which the waiver of notice to the surety contained in the bond form is inapplicable and which would otherwise effect the release of a surety, or in any other situation as prescribed by each agency, the contracting officer shall obtain the written consent thereto of the surety or sureties on the existing bond or bonds (notwithstanding the fact that there may be an additional bond supported by a new surety); provided, that no such consent need be obtained if there is an increased or additional bond supported by the same surety or sureties. tory authority for the payment of surance premiums. appropra moneys of the United States gener are not regarded as available for t purpose. There are, however, ex tions to these two statements. I ance will be required where it is: datory by law, and may be require the absence of any statutory pro: tion when in the best interest of Government. Examples of situat which may warrant obtaining ance are (a) where it is considere sirable to utilize the facilities and ices of the insurance industry safety protection and claim sena (b) where, in special instances, deemed necessary or desirable ir nection with the performance contract (e.g., transportation of ticularly valuable items), or (c) v commingling of property or the c tions of the contract make the ing of insurance reasonably neces for the protection of the several ests concerned. § 1-10.302 Notice of cancellation change. Where insurance is required by tract provision or in writing by the proving authority, the policies dencing such insurance shall co an endorsement to the effect that cellation or material change E policies, adversely affecting the est of the Government in such ance, shall not be effective unles written notice as required by the proving authority is given. § 1-10.303 Responsibility for loss damage to Government property. Where Government property m in the possession of or under the trol of the contractor, or in the cre dy of a transportation companyar contract shall set forth the resp bility of the contractor for loss damage to such Government prope § 1-10.304 Insurance against loss damage to Government property. In instances where insurance at quired or approved to cover losse damage to Government property.433 insurance may be provided eithers o specific insurance policies, or by de sion of such risks in the contra |