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22 U.S.C. § 4856 — Efficiency in contracting

submitted 40 years ago by Pub. L. 99-399 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 111 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section requires a bonus-and-penalty contract system for the diplomatic construction program and requires surety bonds or guarantees for awarded contracts.

(a) Bonuses and penalties The Director of the Office of Foreign Buildings must provide for a contract system of bonuses and penalties for the diplomatic construction program funded under the authorizations of appropriations provided in this subchapter. no later than 3 months after August 27, 1986 , the Director must submit a report to the Congress on the implementation of this section.

(b) Surety bonds and guarantees The Director of the Office of Foreign Buildings must require each person awarded a contract for work under the diplomatic construction program to post a surety bond or guarantee, in such amount as the Director can determine, to assure performance under such contract.

the actual law source: uscode.house.gov ↗public domain
(a) Bonuses and penalties

The Director of the Office of Foreign Buildings shall provide for a contract system of bonuses and penalties for the diplomatic construction program funded pursuant to the authorizations of appropriations provided in this subchapter. Not later than 3 months after August 27, 1986, the Director shall submit a report to the Congress on the implementation of this section.

(b) Surety bonds and guarantees

The Director of the Office of Foreign Buildings shall require each person awarded a contract for work under the diplomatic construction program to post a surety bond or guarantee, in such amount as the Director may determine, to assure performance under such contract.

Source credit: (Pub. L. 99–399, title IV, § 406, Aug. 27, 1986, 100 Stat. 866; Pub. L. 109–472, § 8, Jan. 11, 2007, 120 Stat. 3556.)

history & why it existsrecord from the source credit
  • 1986Enacted · Pub. L. 99-399 · 100 Stat. 866
  • 2007Amended · Pub. L. 109-472 · 120 Stat. 3556

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-399 on 1986-08-27.

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