Question: you are the construction manager for a $1.5 million construction project. the contracting officer has inserted FAR clause 52.228-15 - performance and payment bonds -
you are the construction manager for a $1.5 million construction project. the contracting officer has inserted FAR clause 52.228-15 - performance and payment bonds - construction in the contract. there is a modification to the contract that increases the contract price to $2.0 million. what bond amount would you expect the contractor to provide? performance and payment bond increase to $2.0 miliion. payment bond increase to $2.0 million. performance bond increase to $2.0 million. No increase required
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