Submission for OMB Review; Bid Guarantees, Performance and Payment Bonds, and Alternative Payment Protections, 34892-34893 [2019-15368]

Download as PDF 34892 Federal Register / Vol. 84, No. 139 / Friday, July 19, 2019 / Notices Board.’’ Section 19(b)(7) of the FRA, 12 U.S.C. 461(b)(7), provides that any depository institutions that hold reservable deposits are entitled to the same discount and borrowing privileges as member banks. Board of Governors of the Federal Reserve System, July 15, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–15397 Filed 7–18–19; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF DEFENSE BILLING CODE 6210–01–P GENERAL SERVICES ADMINISTRATION FEDERAL RESERVE SYSTEM NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [FR Doc. 2019–15365 Filed 7–18–19; 8:45 am] jbell on DSK3GLQ082PROD with NOTICES Board of Governors of the Federal Reserve System, July 16, 2019. Yao-Chin Chao, Assistant Secretary of the Board. Formations of, Acquisitions by, and Mergers of Bank Holding Companies [OMB Control No. 9000–0045; Docket No. 2019–0003; Sequence No. 17] The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The applications will also be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than August 15, 2019. A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior Manager) P.O. Box 442, St. Louis, Missouri 63166–2034. Comments can also be sent electronically to Comments.applications@stls.frb.org: 1. Farmers Bancorp, Inc., of Marion Kentucky, Marion, Kentucky; to merge with Community Bancorp of Kentucky, Inc., and thereby indirectly acquire First State Bank, Inc., both of Central City, Kentucky. Submission for OMB Review; Bid Guarantees, Performance and Payment Bonds, and Alternative Payment Protections VerDate Sep<11>2014 18:36 Jul 18, 2019 Jkt 247001 Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). ACTION: Notice. AGENCY: Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division has submitted to the Office of Management and Budget (OMB) a request to review and approve a renewal of a previously approved information collection requirement regarding bid guarantees, performance and payment bonds, and alternative payment protections. DATES: Submit comments on or before August 19, 2019. ADDRESSES: Submit comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: Office of Information and Regulatory Affairs of OMB, Attention: Desk Officer for GSA, Room 10236, NEOB, Washington, DC 20503. Additionally submit a copy to GSA by any of the following methods: • Federal eRulemaking Portal: This website provides the ability to type short comments directly into the comment field or attach a file for lengthier comments. Go to https:// www.regulations.gov and follow the instructions on the site. • Mail: General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street NW, Washington, DC 20405. ATTN: Ms. Mandell/IC 9000–0045, Bid Guarantees, Performance and Payment Bonds, and Alternative Payment Protections. Instructions: All items submitted must cite Information Collection 9000– 0045, Bid Guarantees, Performance and SUMMARY: PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 Payment Bonds, and Alternative Payment Protections. Comments received generally will be posted without change to https:// www.regulations.gov, including any personal and/or business confidential information provided. To confirm receipt of your comment(s), please check www.regulations.gov, approximately two-to-three days after submission to verify posting (except allow 30 days for posting of comments submitted by mail). FOR FURTHER INFORMATION CONTACT: Ms. Mahruba Uddowla, Procurement Analyst, at telephone 703–605–2868, or mahruba.uddowla@gsa.gov. SUPPLEMENTARY INFORMATION: A. OMB Number, Title, and Any Associated Form(s) 9000–0045, Bid Guarantees, Performance and Payment Bonds, and Alternative Payment Protections— Standard Forms (SF) 24, 25, 25A, 25B, 34, 35, 273, 274, 275, 1416, and 1418. B. Needs and Uses FAR Subparts 28.1 and 28.2; FAR clauses at 52.228–1, 52.228–2, 52.228– 13, 52.228–14, 52.228–15, 52.228–16; and associated FAR standard forms implement the statutory requirements of the Miller Act (40 U.S.C. 3131 to 3134), which requires performance and payment bonds for any construction contract exceeding $150,000 unless it is impracticable to require bonds for work performed in a foreign country, or it is otherwise authorized by law. In addition, the regulations implement the notice to 40 U.S.C. 3132, entitled ‘‘Alternatives to Payment Bonds Provided by the Federal Acquisition Regulation,’’ which requires alternative payment protection for construction contracts that exceed $35,000 but do not exceed $150,000. Although not required by statute, under certain circumstances the FAR permits the Government to require bonds on other than construction contracts. FAR clause 52.228–1, Bid Guarantee, as prescribed in FAR 28.101–2, requires the bidder to furnish a bid guarantee in the proper form and amount (SF 24, Bid Bond; SF 34, Annual Bid Bond). FAR clause 52.228–2, Additional Bond Security, as prescribed in FAR 28.106–4(a), requires the Contractor to furnish additional bond security under certain circumstances. This clause is used both for construction and other than construction contracts. (SF 1415, Consent of Surety and Increase of Penalty). FAR clause 52.228–13, Alternative Payment Protections, as prescribed in E:\FR\FM\19JYN1.SGM 19JYN1 Federal Register / Vol. 84, No. 139 / Friday, July 19, 2019 / Notices FAR 28.102–3(b), requires the Contractor to submit one of the payment protections listed in the clause by the Contracting Officer, in construction contracts greater than $35,000 but not exceeding $150,000. FAR clause 52.228–14, Irrevocable Letter of Credit, as prescribed in FAR 28.204–4, requires offerors to provide certain information when they intend to use an irrevocable letter of credit (ILC) in lieu of a required bid bond, or to secure other types of required bonds such as performance and payment bonds. This clause is required in solicitations and contracts when a bid guarantee, or performance bonds, or performance and payment bonds are required. FAR clause 52.228–15, Performance and Payment Bonds—Construction, as prescribed in FAR 28.102–3(a), requires the contractor to provide performance and payment bonds in construction contracts exceeding $150,000 (SF 25, Performance Bond; SF 25A, Payment Bond; SF 25B, Continuation Sheet (for SF’s 24, 25, and 25A); SF 273, Reinsurance Agreement for a Miller Act Performance Bond; SF 274, Reinsurance Agreements for a Miller Act Payment Bond). FAR clause 52.228–16, Performance and Payment Bonds—Other than Construction, as prescribed by 28.103– 4, requires performance and payment bonds for other than construction contracts. This clause is only used in limited circumstances. (SF 35, Annual Performance Bond; SF 1416, Payment Bond for Other Than Construction Contracts; SF 275, Reinsurance Agreement in Favor of the United States; SF 1418, Performance Bond for Other than Construction Contracts). jbell on DSK3GLQ082PROD with NOTICES C. Annual Reporting Burden Respondents: 803. Responses per Respondent: 1. Total Annual Responses: 803. Hours per Response: 1. Total Burden Hours: 803. D. Public Comment A 60 day notice was published in the Federal Register at 84 FR 15224, on April 15, 2019. No comments were received. Obtaining Copies: Requesters may obtain a copy of the information collection documents from the General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street NW, Washington, DC 20405, telephone 202–501–4755. Please cite OMB Control No. 9000–0045, Bid Guarantees, Performance and Payment Bonds, and Alternative Payment Protections, in all correspondence. VerDate Sep<11>2014 18:36 Jul 18, 2019 Jkt 247001 Dated: July 16, 2019. Janet Fry, Director, Federal Acquisition Policy Division, Office of Governmentwide Acquisition Policy, Office of Acquisition Policy, Office of Governmentwide Policy. [FR Doc. 2019–15368 Filed 7–18–19; 8:45 am] BILLING CODE 6820–EP–P DEPARTMENT OF DEFENSE GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0058; Docket No. 2019–0003; Sequence No. 19] Submission for OMB Review; Schedules for Construction Contracts Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). ACTION: Notice. AGENCY: Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division has submitted to the Office of Management and Budget (OMB) a request to review and approve a revision and renewal of a previously approved information collection requirement regarding schedules for construction contracts. DATES: Submit comments on or before: August 19, 2019. ADDRESSES: Submit comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: Office of Information and Regulatory Affairs of OMB, Attention: Desk Officer for GSA, Room 10236, NEOB, Washington, DC 20503. Additionally submit a copy to GSA by any of the following methods: • Federal eRulemaking Portal: This website provides the ability to type short comments directly into the comment field or attach a file for lengthier comments. Go to https:// www.regulations.gov and follow the instructions on the site. • Mail: General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street NW, Washington, DC 20405. ATTN: Lois Mandell/IC 9000–0058, Schedules for Construction Contracts. Instructions: All items submitted must cite Information Collection 9000– 0058, Schedules for Construction Contracts. Comments received generally will be posted without change to https:// www.regulations.gov, including any SUMMARY: PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 34893 personal and/or business confidential information provided. To confirm receipt of your comment(s), please check www.regulations.gov, approximately two to three days after submission to verify posting (except allow 30 days for posting of comments submitted by mail). FOR FURTHER INFORMATION CONTACT: Mr. Kevin Funk, Procurement Analyst, at telephone 202–357–5805, or via email at kevin.funk@gsa.gov. SUPPLEMENTARY INFORMATION: A. OMB Control Number, Title, and Any Associated Form(s) 9000–0058, Schedules for Construction Contracts. B. Needs and Uses Federal construction contractors may be required to submit schedules, in the form of a progress chart, showing the order in which the Contractor proposes to perform the work. In accordance with Federal Acquisition Regulation (FAR) 52.236–15, Schedules for Construction Contracts, the Contractor shall, within five days after work commences on the contract or another period of time determined by the contracting officer, prepare and submit to the contracting officer for approval three copies of a practicable schedule showing the order in which the Contractor proposes to perform the work, and the dates on which the Contractor contemplates starting and completing the several salient features of the work (including acquiring materials, plants, and equipment). This information is used to monitor progress under a Federal construction contract when other management approaches for ensuring adequate progress are not used. If the Contractor fails to submit a schedule within the time prescribed, the Contracting Officer may withhold approval of progress payments until the Contractor submits the required schedule. C. Annual Reporting Burden Respondents: 23. Total Annual Responses: 46. Total Burden Hours: 184. D. Public Comments A 60-day notice was published in the Federal Register at 84 FR 18037 on April 29, 2019. No comments were received. Obtaining Copies: Requesters may obtain a copy of the information collection documents from the General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street NW, Washington, DC 20405, at 202–501–4755. Please cite OMB Control E:\FR\FM\19JYN1.SGM 19JYN1

Agencies

[Federal Register Volume 84, Number 139 (Friday, July 19, 2019)]
[Notices]
[Pages 34892-34893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-15368]


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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 9000-0045; Docket No. 2019-0003; Sequence No. 17]


Submission for OMB Review; Bid Guarantees, Performance and 
Payment Bonds, and Alternative Payment Protections

AGENCY: Department of Defense (DOD), General Services Administration 
(GSA), and National Aeronautics and Space Administration (NASA).

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: Under the provisions of the Paperwork Reduction Act, the 
Regulatory Secretariat Division has submitted to the Office of 
Management and Budget (OMB) a request to review and approve a renewal 
of a previously approved information collection requirement regarding 
bid guarantees, performance and payment bonds, and alternative payment 
protections.

DATES: Submit comments on or before August 19, 2019.

ADDRESSES: Submit comments regarding this burden estimate or any other 
aspect of this collection of information, including suggestions for 
reducing this burden to: Office of Information and Regulatory Affairs 
of OMB, Attention: Desk Officer for GSA, Room 10236, NEOB, Washington, 
DC 20503. Additionally submit a copy to GSA by any of the following 
methods:
     Federal eRulemaking Portal: This website provides the 
ability to type short comments directly into the comment field or 
attach a file for lengthier comments. Go to https://www.regulations.gov 
and follow the instructions on the site.
     Mail: General Services Administration, Regulatory 
Secretariat Division (MVCB), 1800 F Street NW, Washington, DC 20405. 
ATTN: Ms. Mandell/IC 9000-0045, Bid Guarantees, Performance and Payment 
Bonds, and Alternative Payment Protections.
    Instructions: All items submitted must cite Information Collection 
9000-0045, Bid Guarantees, Performance and Payment Bonds, and 
Alternative Payment Protections. Comments received generally will be 
posted without change to https://www.regulations.gov, including any 
personal and/or business confidential information provided. To confirm 
receipt of your comment(s), please check www.regulations.gov, 
approximately two-to-three days after submission to verify posting 
(except allow 30 days for posting of comments submitted by mail).

FOR FURTHER INFORMATION CONTACT: Ms. Mahruba Uddowla, Procurement 
Analyst, at telephone 703-605-2868, or [email protected].

SUPPLEMENTARY INFORMATION:

A. OMB Number, Title, and Any Associated Form(s)

    9000-0045, Bid Guarantees, Performance and Payment Bonds, and 
Alternative Payment Protections--Standard Forms (SF) 24, 25, 25A, 25B, 
34, 35, 273, 274, 275, 1416, and 1418.

B. Needs and Uses

    FAR Subparts 28.1 and 28.2; FAR clauses at 52.228-1, 52.228-2, 
52.228-13, 52.228-14, 52.228-15, 52.228-16; and associated FAR standard 
forms implement the statutory requirements of the Miller Act (40 U.S.C. 
3131 to 3134), which requires performance and payment bonds for any 
construction contract exceeding $150,000 unless it is impracticable to 
require bonds for work performed in a foreign country, or it is 
otherwise authorized by law. In addition, the regulations implement the 
notice to 40 U.S.C. 3132, entitled ``Alternatives to Payment Bonds 
Provided by the Federal Acquisition Regulation,'' which requires 
alternative payment protection for construction contracts that exceed 
$35,000 but do not exceed $150,000. Although not required by statute, 
under certain circumstances the FAR permits the Government to require 
bonds on other than construction contracts.
    FAR clause 52.228-1, Bid Guarantee, as prescribed in FAR 28.101-2, 
requires the bidder to furnish a bid guarantee in the proper form and 
amount (SF 24, Bid Bond; SF 34, Annual Bid Bond).
    FAR clause 52.228-2, Additional Bond Security, as prescribed in FAR 
28.106-4(a), requires the Contractor to furnish additional bond 
security under certain circumstances. This clause is used both for 
construction and other than construction contracts. (SF 1415, Consent 
of Surety and Increase of Penalty).
    FAR clause 52.228-13, Alternative Payment Protections, as 
prescribed in

[[Page 34893]]

FAR 28.102-3(b), requires the Contractor to submit one of the payment 
protections listed in the clause by the Contracting Officer, in 
construction contracts greater than $35,000 but not exceeding $150,000.
    FAR clause 52.228-14, Irrevocable Letter of Credit, as prescribed 
in FAR 28.204-4, requires offerors to provide certain information when 
they intend to use an irrevocable letter of credit (ILC) in lieu of a 
required bid bond, or to secure other types of required bonds such as 
performance and payment bonds. This clause is required in solicitations 
and contracts when a bid guarantee, or performance bonds, or 
performance and payment bonds are required.
    FAR clause 52.228-15, Performance and Payment Bonds--Construction, 
as prescribed in FAR 28.102-3(a), requires the contractor to provide 
performance and payment bonds in construction contracts exceeding 
$150,000 (SF 25, Performance Bond; SF 25A, Payment Bond; SF 25B, 
Continuation Sheet (for SF's 24, 25, and 25A); SF 273, Reinsurance 
Agreement for a Miller Act Performance Bond; SF 274, Reinsurance 
Agreements for a Miller Act Payment Bond).
    FAR clause 52.228-16, Performance and Payment Bonds--Other than 
Construction, as prescribed by 28.103-4, requires performance and 
payment bonds for other than construction contracts. This clause is 
only used in limited circumstances. (SF 35, Annual Performance Bond; SF 
1416, Payment Bond for Other Than Construction Contracts; SF 275, 
Reinsurance Agreement in Favor of the United States; SF 1418, 
Performance Bond for Other than Construction Contracts).

C. Annual Reporting Burden

    Respondents: 803.
    Responses per Respondent: 1.
    Total Annual Responses: 803.
    Hours per Response: 1.
    Total Burden Hours: 803.

D. Public Comment

    A 60 day notice was published in the Federal Register at 84 FR 
15224, on April 15, 2019. No comments were received.
    Obtaining Copies: Requesters may obtain a copy of the information 
collection documents from the General Services Administration, 
Regulatory Secretariat Division (MVCB), 1800 F Street NW, Washington, 
DC 20405, telephone 202-501-4755. Please cite OMB Control No. 9000-
0045, Bid Guarantees, Performance and Payment Bonds, and Alternative 
Payment Protections, in all correspondence.

    Dated: July 16, 2019.
Janet Fry,
Director, Federal Acquisition Policy Division, Office of Governmentwide 
Acquisition Policy, Office of Acquisition Policy, Office of 
Governmentwide Policy.
[FR Doc. 2019-15368 Filed 7-18-19; 8:45 am]
 BILLING CODE 6820-EP-P
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