103.2 Contract Bond for Sec 103.4

Sec. 103.4 provides information regarding the contract bond.

The contractor may be reimbursed for contract bond if an invoice of the bond cost is provided. The mobilization line item is reduced by the bond amount when the bond is reimbursed. The reduction in mobilization is achieved by issuing a change order in the SM system. If the change order is exclusively issued to pay bond, then the contractor’s signature on the change order may be waived. Higher level change order approvals of a bond reimbursement change order are not required except for approval by FHWA on full oversight jobs.