- (a) General. The recipient must meet the requirements regarding bonding described in 2 CFR 200.326. The recipient must clearly and accurately state in the contract documents the bonds and insurance requirements, including the amounts of security coverage that a bidder or offeror must provide.
- (b) Accidents and catastrophic loss. The recipient must require the contractor to provide insurance against accidents and catastrophic loss to manage any risk inherent in completing the project.
[72 FR 24504, May 2, 2007, as amended at 79 FR 76060, Dec. 19, 2014; 87 FR 30400, May 19, 2022]