(1) the bond is required by law; or
(2) the Secretary or Commandant determines after investigation that the amount of the bond in excess of 20 percent of the value of the base contract quantity excluding options, would not prevent a responsible bidder or offeror from competing for award of the contract.
Structure US Code
SUBTITLE I— ESTABLISHMENT, POWERS, DUTIES, AND ADMINISTRATION
§ 931. Oaths required for boards
§ 932. Administration of oaths
§ 933. Coast Guard ensigns and pennants
§ 934. Penalty for unauthorized use of words “Coast Guard”
§ 935. Coast Guard band recordings for commercial sale
§ 936. Confidentiality of medical quality assurance records; qualified immunity for participants
§ 937. Admiralty claims against the United States
§ 938. Claims for damage to property of the United States
§ 939. Accounting for industrial work
§ 940. Supplies and equipment from stock
§ 941. Coast Guard Supply Fund
§ 942. Public and commercial vessels and other watercraft; sale of fuel, supplies, and services
§ 943. Arms and ammunition; immunity from taxation
§ 944. Confidential investigative expenses
§ 945. Assistance to film producers
§ 947. Vessel construction bonding requirements
§ 949. Telephone installation and charges
§ 950. Designation, powers, and accountability of deputy disbursing officials
§ 951. Aircraft accident investigations
§ 952. Construction of Coast Guard vessels and assignment of vessel projects
§ 953. Support for Coast Guard Academy
§ 954. Mixed-funded athletic and recreational extracurricular programs