37.302 Bonds or other security.
When a contract is solely for dismantling, demolition, or removal of improvements,40 U.S.C.chapter 31, subchapter III, Bonds, (see 28.102) does not apply. However, the contracting officer may require the contractor to furnish a performance bond or other security (see 28.103) in an amount that the contracting officer considers adequate to-
(a) Ensure completion of the work;
(b) Protect property to be retained by the Government;
(c) Protect property to be provided as compensation to the contractor; and
(d) Protect the Government against damage to adjoining property.