302.1 The CCO shall require that every contract to procure goods, services or construction, by whatever method made, set forth standard provisions:

a) specifying changes;

b) referencing Federal and District laws of special applicability; and

c) granting the Authority the right to:

(1) conduct inspections and audits,

(2) order the contractor to stop work,

(3) require indemnification, and

(4) terminate for default or convenience.

302.2 The CCO shall include appropriate security provisions in all procurements of goods, services or construction, including at least the following:

(a) a bid or proposal bond or other appropriate security whenever the Authority's independent price estimate for any construction contract exceeds $ 100,000;

(b) performance and payment bonds or other appropriate security whenever the Authority's independent estimate for the cost of any construction contract exceeds $ 100,000; and

(c) insurance against liability or loss whenever any contract will result in the contractor having possession or control of any property of the Authority.

SOURCE: Final Rulemaking published at 44 DCR 4907, 4909-10 (August 22, 1997); and as amended by Final Rulemaking at 49 DCR 10814 (November 29, 2002).